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* A bond has a $ 1 , 0 0 0 par value, makes annual interest payments of $ 9 0 , has 1 0

*

A bond has a $

1, 000

par value, makes annual interest payments of $

90,

has

10

years to maturity. If interest rates are

8 %,

the bond should sell at O a

.

Premium b

.

Discount c

.

Interest payment d

.

Par value

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