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If the bonds are trading with a markets required yield to

Doisneau 15?-year bonds have an annual coupon interest of 11 percent, make interest payments on a semiannual? basis, and have a ?$1,000 par value. If the bonds are trading with a? market's required yield to maturity of 16 ?percent, are these premium or discount? bonds? Explain your answer. What is the price of the? bonds?

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Finance Basics: If the bonds are trading with a markets required yield to

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