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Doisnesu 1 8 year bonds have an annual coupon interest of 1 3 percent, make interest payments on a semiannual basis and have a 1

Doisnesu 18 year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis and have a 1,000 par value. If the bonds are trading with a markets required yield to maturity of 12 percent , are these premium or discount bonds? Explain your answer. What is the price of the bonds?

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