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​(Related to Checkpoint​ 9.3)  ​(Bond valuation) Doisneau 19​-year bonds have an annual coupon interest of 12...

​(Related to Checkpoint​ 9.3)  ​(Bond valuation) Doisneau 19​-year bonds have an annual coupon interest of 12 ​percent, make interest payments on a semiannual​ basis, and have a ​$1, 000 par value. If the bonds are trading with a​ market's required yield to maturity of 13 ​percent, are these premium or discount​ bonds? Explain your answer. What is the price of the​ bonds? a. If the bonds are trading with a yield to maturity of 13​%,  The price of the bonds is ​$___ ​ (Round to the nearest​ cent.)

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