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A bond that matures in 20 years has a par value of $1,000 and an annual coupon payment of $120; its market interest rate is

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A bond that matures in 20 years has a par value of $1,000 and an annual coupon payment of $120; its market interest rate is 13%. Is this bond selling for a discount or a premium? Discount of $70.25 per bond None of these are correct Discount of $130 per bond Premium of $120 per bond Question 28 3 pts You have just purchased an outstanding 18 -year bond with a par value of $1,000 for $1,120.68. Its annual coupon payment is $65. What is the bond's yield to maturity? 6% None of these are correct 6.5% 5.85% 5.43%

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