discount​ bonds

interest payments
June 28, 2019
value bonds
June 28, 2019

Doisneau 17​-year bonds have an annual coupon interest of 8 ​percent, make interest payments on a semiannual​ basis, and have a ​$1,000 par value. If the bonds are trading with a​ market’s required yield to maturity of 16 percent, are these premium or discount​ bonds? Explain your answer. What is the price of the​ bonds?

 
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