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A bond is issued at $1,000 par value during a time in which interest rates for similar bonds were 8%. Today new bonds issued with

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A bond is issued at $1,000 par value during a time in which interest rates for similar bonds were 8%. Today new bonds issued with a similar credit worthiness is 10%. Which of the following is most likely to be true about the bond? It is currently selling for a premium It is currently selling at a discount currently selling at par The bond is likely to be called

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