Question: View Policies Current Attempt in Progress 7 years ago Oriole Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had

 View Policies Current Attempt in Progress 7 years ago Oriole Corporation

View Policies Current Attempt in Progress 7 years ago Oriole Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 6 percent. If the market rate of interest is 5.5 percent today, what is the current market price of an Oriole Corporation bond? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 52.75.) Current market price $ Are these bonds selling at a premium or discount? These bonds are selling at a

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