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What is the price of the? bonds

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(Bond valuation)

Doisneau 16?-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 15 ?percent, are these premium or discount? bonds?

Explain your answer. What is the price of the? bonds?

Reference no: EM133057376

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