Question
A $1,000 face value bond currently has a discount rate (yield-to-maturity) of 6.69 percent. The bond matures in three years and pays coupon annually. The
A $1,000 face value bond currently has a discount rate (yield-to-maturity) of 6.69 percent. The bond matures in three years and pays coupon annually. The coupon rate is 7 percent. What type of bond it is?
Group of answer choices
Premium bond
Discount bond
Par bond
Zero-coupon bond
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Cases In Healthcare Finance
Authors: Louis C. Gapenski
3rd Edition
1567932444, 9781567932447
