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A bond has a 1 , 0 0 0 par value, makes annual interest payments of $ 1 0 0 , has 5 years to

A bond has a 1,000 par value, makes annual interest payments of $100, has 5 years to maturity, cannot be called, and is not expected to defaultThe bond should sell at a market interest rates are below 10and at a discount if interest rates are greater than 10

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