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A $1,000 bond has a coupon rate of 9% that is paid semi-annually, and has 5...

A $1,000 bond has a coupon rate of 9% that is paid semi-annually, and has 5 years until it

matures. The current yield to maturity is 7%

a. What is the price of the bond? ___________

b. What is the amount of the annual interest paid to the bondholder? ___________

c. Is this a discount bond or a premium bond? ______________________

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