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What is the price of the bonds

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Doisneau 18 year bonds have an annual coupon interest of 14%, make interest payments on a semi-annual basis, and have a $1,000 PAR Value. If the bonds are trading with a market's required yield to maturity of 15%, are these premium or discount bonds? Explain your answer. What is the price of the bonds?

Reference no: EM131688045

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