Is this a discount or premium bond

Reference no: EM13301048

Compute the price of a 4.90 percent coupon bond with 12 years left to maturity and a market interest rate of 7.00 percent. (Assume interest payments are semi annual.) Is this a discount or premium bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13301048

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