Compute the price of a 54 percent coupon bond with 10 years, Financial Management

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Compute the price of a 54 percent coupon bond with 10 years

Compute the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 8.6 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

a) bond price = $__

b) Is this a discount or premium bond?

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Financial Management: Compute the price of a 54 percent coupon bond with 10 years

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Financial Management: Compute the price of a 54 percent coupon bond with 10 years

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