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XYZ bonds mature in 20 years. The annual coupon rate is 7% and the current yield to maturity is 9%. Assuming a face value of

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XYZ bonds mature in 20 years. The annual coupon rate is 7% and the current yield to maturity is 9%. Assuming a face value of $1000, what is the current price of the bond? Is the bond trading a premium or discount

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