Is this a discount or premium bond premium bond discount


Calculate the price of a 6.0 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Is this a discount or premium bond?

Premium bond

Discount bond

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Financial Management: Is this a discount or premium bond premium bond discount
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