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A $1,000 par bond with an 8% semi-annual coupon sells at a discount to par. What must be true about the bond? A. It is

A $1,000 par bond with an 8% semi-annual coupon sells at a discount to par. What must be true about the bond?

  • A. It is underpriced

  • B. It is in default

  • C. It has a yield to maturity greater than 8%

  • D. None of the above

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