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A bond has a coupon rate of 6% and a yield of 5%. Which of the following statements is true about this bond? Select one:

A bond has a coupon rate of 6% and a yield of 5%. Which of the following statements is true about this bond?

Select one:

a. The bond will be trading at a premium.

b. The bond will be trading at par.

c. There is insufficient information to answer the question.

d. The bond will be trading at a discount.

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