Compute the price of a 620 percent coupon bond with 16, Ask an Expert

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Compute the price of a 6.20 percent coupon bond with 16 years left to maturity and a market interest rate of 6.00 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.)

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