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1)What is the price of a coupon bond that has 5 years to maturity, which...

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Accounting

1)What is the price of a coupon bond that has 5 years to maturity, which pays out a coupon of 4% per year and has a par value of 100. Assume that the expected yield to maturity of this type of bond is 6%. Is this bond selling at a premium or discount?

2)What is the price of a 5 year coupon bond with a par value of 100 that pays semi-annual coupon of 2 if the current yield expected from this type of instrument is 9%?

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