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Saved Problem 7-24 Compute Bond Price (LG7-4) Calculate the price of a 57 percent coupon bond with 22 years left to maturity and a market

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Saved Problem 7-24 Compute Bond Price (LG7-4) Calculate the price of a 57 percent coupon bond with 22 years left to maturity and a market interest rate of 6.5 percent. (Assume nterest payments are semiannual) (Do not round intermediate calculations. Round your final answer to 2 decimal ploces) price Is this a discount or premium bond? O discount bond O premium bond DELL

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