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What is the price of the? bonds

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Doisneau 22?-year bonds have an annual coupon interest of 13%, 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 11%, are these premium or discount? bonds? Explain your answer. What is the price of the? bonds?

Reference no: EM132420818

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