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Calculate the price of a 6.5% coupon bond with 17 years left to maturity and a market interest rate of 4.95%. (Assume interest rates

Calculate the price of a 6.5% coupon bond with 17 years left to maturity and a market interest rate of 4.95%. (Assume interest rates are semi-annual and par value is $1,000.) Is this a discount or premium bond? $1,051.83; premium $685.93; discount $791.03; discount $1,176.76: premium

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