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A bond traded at 1021% means that Multiple Choice The market rate of interest is 25%. The bond traded at 025% of its par value

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A bond traded at 1021% means that Multiple Choice The market rate of interest is 25%. The bond traded at 025% of its par value The market rate of interest is 2%% above the contract rate The bond pays 2.5% interest The bonds were retired at $1,025 each

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