Problem 7-22 Compute Bond Price (LG7-4) Compute the price of a 7.5 percent coupon bond...
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Problem 7-22 Compute Bond Price (LG7-4) Compute the price of a 7.5 percent coupon bond with ten years left to maturity and a market interest rate of 8.0 percent. (Assume Round your final answer to 2 decimal places.) interest payments are semiannual.) (Do not round intermediate calculations. Bond price $ Is this a discount or premium bond? O Premium bond O Discount bond
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