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10. On May 25, 2015, a business periodical called F.H. quoted a bond price of 60.0 for Ted's Lounge 9.3% bonds maturing on March 1,

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10. On May 25, 2015, a business periodical called F.H. quoted a bond price of 60.0 for Ted's Lounge 9.3% bonds maturing on March 1, 2030. Were the bonds selling at a discount or premium? Does this mean the market interest rate for comparable bonds was higher or lower than 9.3%

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