Compute the price of a 45 percent coupon bond with 15 years, Financial Management

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Compute the price of a 45 percent coupon bond with 15 years

Compute the price of a 4.5 percent coupon bond with 15 years left to maturity and a market interest rate of 6.8 percent. (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?

Premium bond

Discount bond

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Financial Management: Compute the price of a 45 percent coupon bond with 15 years

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Financial Management: Compute the price of a 45 percent coupon bond with 15 years

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