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A $ 2 9 , 0 0 0 , 4 % bond redeemable at par with interest payable annually is bought 8 years before maturity.
A $ bond redeemable at par with interest payable annually is bought years before maturity. If the bond is purchased to yield compounded annually, identify whether the bond is selling at premium or discount
a Premium
b Discount
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
