Question: Please post the work by hand. 1. Practice Problem: Calculate price of a 20-year bond that makes semi- annual coupon payments. The semiannual coupon rate

Please post the work by hand.

1. Practice Problem: Calculate price of a 20-year bond that makes semi- annual coupon payments. The semiannual coupon rate is 4%, the face value is $1,000, and the semiannual discount rate is 5%. Is this bond selling at a premium or a discount

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