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( Valuing bonds ) ( Related to Checkpoint 9 . 3 on page 3 0 2 ) Doisneau 2 0 - year bonds have a
Valuing bondsRelated to Checkpoint on page Doisneau year bonds have a percent annual coupon interest, make interest payments on a semiannual basis, and have a $ par value. If the bonds are trading with a percent markets required yield to maturity, are these premium or discount bonds? Explain your answer. What is the price of the bonds?
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