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15) South Park Company issued a 6% bond three years ago at par value. The market interest rate on 15) comparable bonds today is 5%.

15) South Park Company issued a 6% bond three years ago at par value. The market interest rate on 15) comparable bonds today is 5%. The Franklin Company bond currently pays ________ a year in interest and the bond sells at a ________.

A) $50; premium B) $60; premium C) $60; discount D) $50; discount

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