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2. A bond with manual coupon payments, has four years until its maturity. The current price of the bond is 8935.37, and the bond has

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2. A bond with manual coupon payments, has four years until its maturity. The current price of the bond is 8935.37, and the bond has a YTM of 10%. If the face value is $1000: Calculate the annual coupon rate. (10 pts) Is this bond selling at premium, at discount, or at par? Explain briefly. (5pts)

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