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Calculate the price of a 5.8 percent coupon bond with 10 years left to maturity and a market interest rate of 4.6 percent Par Value $1000. (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

Financial Management, Finance

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