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17. An 8-year bond with a face value of $1,000 pays an annual coupon of $90 and has an annual discount rate of 7.0%. Will

17. An 8-year bond with a face value of $1,000 pays an annual coupon of $90 and has an annual discount rate of 7.0%. Will this bond sell at a discount or premium? Why? ( 1.5 points)

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