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Problem 7 - 2 1 Compute Bond Price ( LG 7 - 4 ) Compute the price of a 5 . 8 percent coupon bond

Problem 7-21 Compute Bond Price (LG7-4) Compute the price of a
5.8 percent coupon bond with 10 years left to maturity and a market
interest rate of 9.4 percent. (Assume interest payments are
semiannual.)(Do not round intermediate calculations and round your
final answer to 2 decimal places.) Bond price $ Is this a discount
or premium bond? Discount bond Premium bond

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