Find the market price of the bond if the yield rate is 5

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Suppose that a 25-year government bond has a maturity value of KES 1000 and a coupon rate of 6% with coupons paid semi-annually. Find the market price of the bond if the yield rate is 5% compounded semi-annually. Is this bond selling at a discount or at a premium.

Reference no: EM13479510

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