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2 3 10. Based on the following information, would a bond be sold at a Premium, Discount or Par Value? 4. Stated Interest Rate 7.00%

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2 3 10. Based on the following information, would a bond be sold at a Premium, Discount or Par Value? 4. Stated Interest Rate 7.00% Effective ("Market") Interest Rate 4.00% 7 3 A. Premium B. Discount C. Par Value 1

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