Determine the value today of one of these bonds to an, Financial Management

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Determine the value today of one of these bonds to an

Complete Auto Inc. sold a $375 million bond issue to finance the purchase of new jet airliners. These bonds were issued at par with an original maturity of 15 years and a coupon rate of 9% paid semiannually. Determine the value today of one of these bonds to an investor who requires a 7% rate of return on these securities. Is it a discount or premium bond and why?

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