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Stark Industries issues a $1,800,000 bond that will mature in 16 years. The coupon rate is 10.1% with semi-annual payments. If the market rate is

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Stark Industries issues a $1,800,000 bond that will mature in 16 years. The coupon rate is 10.1% with semi-annual payments. If the market rate is 12.25% compounded semi-annually, what is the price of the bond? Fill in the blanks below to calculate your answer. Note: the numbers in parentheses are the narks awarded for that blank. What is the coupon payment for the bond? (4) 90,900.00 END/BEG (1) End P/Y (1) 2 C/Y (1) 2 N (2) 142-32 1/Y (1) 12.25% PV (4) 994,023.60 PMT (1) 90,900.00 FV (2) 1.800.000 is the bond being sold at a discount or a premium? Why

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