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2. You are considering a 6 percent coupon bond. When the yield to maturity (YTM) is 5 percent this bond has a price that is
2. You are considering a 6 percent coupon bond. When the yield to maturity (YTM) is 5 percent this bond has a price that is than its face value. In other words, this bond is traded at a (a) higher; premium (b) higher; discount (c) lower: premium (d) lower: discount
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