Compute the price of a 60 percent coupon bond with 10 years, Financial Management

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Compute the price of a 60 percent coupon bond with 10 years

Compute the price of a 6.0 percent coupon bond with 10 years left to maturity and a market interest rate of 9.8 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Bond price = $

Is this a discount or premium bond?

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Financial Management: Compute the price of a 60 percent coupon bond with 10 years

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Financial Management: Compute the price of a 60 percent coupon bond with 10 years

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