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Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 7%, with coupons paid semiannually. Find the market

Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 7%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 6% compounded semiannually. (Round your answer to the nearest cent.) Is this bond selling at a discount or at a premium?

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