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a) Assume a bond matures for $1000 six years from today and has a 7% coupon rate with semiannual coupons. What is the bond type

a) Assume a bond matures for $1000 six years from today and has a 7% coupon rate with semiannual coupons. What is the bond type (i.e par, discount or premium bond) if the yield to maturity on the bond equals 8.5%, explain your

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