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A 15 -year bond has an annual coupon rate of 10%. The coupon rate will remain fixed until the bond matures. The bond has a

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A 15 -year bond has an annual coupon rate of 10%. The coupon rate will remain fixed until the bond matures. The bond has a yield to maturity of 11%. Which of the following statements is correct? The bond is selling at a discount. The bond is at par value. The bond is selling at a premium. None of the choices

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