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A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT? The bonds coupon rate exceeds

A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT?

The bonds coupon rate exceeds the discount rate.

The bonds coupon rate is identical to the discount rate.

The bonds price is at a premium.

The bonds price is at a par.

The bonds coupon rate is less than the discount rate.

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