What is the price of the? bonds

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Doisneau 17?-year bonds have an annual coupon interest of 8 ?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: EM132288851

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