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Problem 7-11 Compute Bond Price (LG7-4) Compute the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest

image text in transcribed Problem 7-11 Compute Bond Price (LG7-4) Compute the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 9.0 percent (Assume interest payments are semiannual.) Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Is this a discount or premium bond

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