What is the market price of the bond

Reference no: EM133269714

Question - Consider a 10-year bond with a face value of $1000, a coupon rate of 6 percent (with semi-annual coupon payment) and a yield-to-maturity of 7 percent per annum.

(a) What is the market price of the bond?

(b) Is it sold at a premium or a discount?

Reference no: EM133269714

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