Question
Compute Bond Price
Compute the price of a 4.90 percent coupon bond with 12 years left to maturity and a market interest rate of 7.00 percent. (Assume interest payments are semi annual.)Is this a discount or premium bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)
Bond price $
Bond price $
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