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​(Related to Checkpoint​ 9.3)  ​(Bond valuation) Doisneau 20​-year bonds have an annual coupon interest of 11...

​(Related to Checkpoint​ 9.3)  ​(Bond valuation) Doisneau 20​-year bonds have an annual coupon interest of 11 ​percent, make interest payments on a semiannual​ basis, and have a ​$1 comma 000 par value. If the bonds are trading with a​ market's required yield to maturity of 15 ​percent, are these premium or discount​ bonds? Explain your answer. What is the price of the​ bonds?

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The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

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