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A bond just traded at a quoted price of 108.11. The bond has a face value of $1,000. Which of the following is TRUE? The

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A bond just traded at a quoted price of 108.11. The bond has a face value of $1,000. Which of the following is TRUE? The coupon rate on this bond must be lower than the yield to maturity. The price is $1,081.10. This is a discount bond. No investor would ever buy this bond

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