Coupon bond with fifteen years left to maturity

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Reference no: EM131893234

Compute the price of a 6.8 percent coupon bond with fifteen years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Bond price $

Is this a discount or premium bond?

Discount bond

Premium bond

Reference no: EM131893234

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