Compute the price of percent coupon bond with years

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Question 1: Compute the price of a 3.8 percent coupon bond with 15 years left to maturity and a market interest rate of 6.8 percent. (Assume interest payments are semiannual.)

Question 2: Is this a discount or premium bond?

  1. premium bond
  2. discount bond

Reference no: EM132518534

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