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What is the price of the? bonds

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Doisneau 24?-year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual? basis, and have a ?$1,000 par value. If the bonds are trading with a? market's required yield to maturity of 17 ?percent, are these premium or discount? bonds? Explain your answer. What is the price of the? bonds?

The price of the bonds is ?$___ . ? (Round to the nearest? cent.)

Reference no: EM131873964

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