The coupon rate is 8 compounded semiannually is this bond


Consider a $1000 bond with semiannual coupons redeemable at $1050 in 1.5 years, purchased to yield a nominal rate of 6% compounded semiannually. The coupon rate is 8% compounded semiannually. Is this bond selling at a premium or discount? What is the size of the premium/discount?

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Financial Management: The coupon rate is 8 compounded semiannually is this bond
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