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RRQ Inc. issued a bond with yield to maturity of 6.8%. The bond has coupon rate of 7.9% with 15 year maturity, compound quarterly. What

RRQ Inc. issued a bond with yield to maturity of 6.8%. The bond has coupon rate of 7.9% with 15 year maturity, compound quarterly. What is the current bond price? Is it categorized as par value, discount, or premium bond? (please provide step-by-step solution, without using excel)

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