Compute the price of a 63 percent coupon bond with 15 years, Ask an Expert

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Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 10.4 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Bond price $ Is this a discount or premium bond?

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Financial Management, Finance

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