Is this a discount or premium bond

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Reference no: EM131043210

Calculate the price of a 6.7 percent coupon bond with 15 years left to maturity and a market interest rate of 8.5 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Bond price _____

Is this a discount or premium bond?

Reference no: EM131043210

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