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18. Given the information below, which bond(s) will be issued at a premium? Bond 1 Bond 2 Bond 3 Bond 4 Stated Rate of Return
18. Given the information below, which bond(s) will be issued at a premium?
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| Bond 1 | Bond 2 | Bond 3 | Bond 4 |
| Stated Rate of Return | 6% | 4% | 8% | 7% |
| Market Rate of Return | 7% | 3% | 8% | 5% |
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