Calculate the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate...

Calculate the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.)(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Bond Price : $____.__

Is this a discount or premium bond?

• discount bond
  
  
  
  


• 
  
  
  

  
  

  premium bond