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1 0 % A company releases a five - year bond with a face value of $ 1 0 0 0 and coupons paid semiannually.

10 %

A company releases a

five

-

year bond with a face value of

1000

and coupons paid semiannually. If market interest rates imply a YTM of

10 %,

which of the following coupon rates will cause the bond to be issued at a

premium?

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