Is this discount or premium bond

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Reference no: EM132024226

Compute the price of a 6.40 percent coupon bond with 12 years left to maturity and a market interest rate of 6.00 percent. (Assume interest payments are semi annual.) Is this a discount or premium bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM132024226

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