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A 5 - year 5 % coupon corporate bond with 1 year to maturity is traded at 4 % ( APR ) yield. What can

5 -

year

5 %

coupon corporate bond with

1

year to maturity is traded at

4 % (

APR

)

yield. What can we say about its price?A

.

Price

> 100 %

of par B

.

Price

< 100 %

of par

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