Question: Create Excel The ABC Company bond has a face value of $20,000, a life of 10 years and a coupon payment of 1,600. If similar

Create Excel

The ABC Company bond has a face value of $20,000, a life of 10 years and a coupon payment of 1,600. If similar bonds have an interest rate of 7%, calculate the market price of The ABC bond. Is it selling for a premium, a discount or par?

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