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What is the price of the bonds

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Question - Doisneau 21-year bonds have an annual coupon interest of 9 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 16 percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?

Reference no: EM132978995

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