Left to maturity and market interest rate

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Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 10.4 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Bond price $ Is this a discount or premium bond?

Reference no: EM131352407

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Left to maturity and market interest rate : Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 10.4 percent.

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