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A 10-year bond with a 7% annual coupon has a YTM of 8%. Which of the following statements is correct? -the bond is selling at

A 10-year bond with a 7% annual coupon has a YTM of 8%. Which of the following statements is correct?

-the bond is selling at par value

-the bond is selling at a premium

-if the YTM remains constant, the bond's price one year from now will be lower than its current price

-if the YTM remains constant, the bond's price oneyear from now will be higher than its current price.

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