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Business, 21.06.2020 04:57 chriscook5176

Chegg " (Bond valuation) Doisneau 25-year bonds have an annual coupon interest of 11 percent, make interest payments on a semiannual basis, and have a $1000 par value. If the bonds are trading with a market's required yield to maturity of 14 percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?"

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