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A 10 year bond was issued three years ago.It has a Face Value of $1000 and makes coupon payments of $32 every six months.If the

A 10 year bond was issued three years ago.It has a Face Value of $1000 and makes coupon payments of $32 every six months.If the current yield to maturity is 6.4% pa compounding semi-annually, will this bond sell at a premium, discount or at par today?

a. discount

b. not enough information provided to determine

c. par

d.premium

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