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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

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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 default. The bond should sell at a discount if market interest rates are below 10% and at a premium if interest rates are greater than 10%. O True False

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