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Practice Problem 1 Calculate price of a 20-year bond that makes semi-annual coupon payments. The annual coupon rate is 8%, the face value is $1,000,

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Practice Problem 1 Calculate price of a 20-year bond that makes semi-annual coupon payments. The annual coupon rate is 8%, the face value is $1,000, and the interest rate is 10% per year. Is this bond selling at a premium or a discount

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