Compute the price of a percent coupon bond

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Question - Compute the price of a 5.1 percent coupon bond with 15 years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Is this a discount or premium bond?

Reference no: EM133016183

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