Question: Problem 7 - 2 3 Compute Bond Price ( LG 7 - 4 ) Calculate the price of a 1 0 . 0 percent coupon

Problem 7-23 Compute Bond Price (LG7-4)
Calculate the price of a 10.0 percent coupon bond with 18 years left to maturity and a market interest rate of 5.8 percent. (Assume interest payments are semiannual.)(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Bond price
Is this a discount or premium bond?
discount bond
premium bond
Problem 7-23 Compute Bond Price (LG7-4) Calculate the price of a

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