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A 12 year bond was issued three years ago. It has a Face Value of $1000 and makes coupon payments of $32 every six months.

A 12 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. premium b. not enough information provided to determine c. discount d. par

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