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Posted on Jul 14, 2024

Suppose a bond has the following characteristics. Par value $5,000 Annual coupon 4.5% , interest payable monthly Yield-to-maturity 5.25% peer year Maturity 15 years Using

Suppose a bond has the following characteristics.

Par value $5,000

Annual coupon 4.5% , interest payable monthly

Yield-to-maturity 5.25% peer year

Maturity 15 years

Using Excel, determine this bonds price. Is this bond priced at a premium or discount? Be sure to attach Excel spreadsheet.

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