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A bond with 8 percent annual coupon rate originally sold at par for $ 1 , 0 0 0 . The current market interest rate

A bond with 8 percent annual coupon rate originally sold at par for $1,000. The current market interest rate on this bond (or the bond's required rate of return or yield to maturity) is 6 percent. Assume no change in risk, this bond would sell at a ______________ in order to compensate _______________.
A) premium; the purchaser of the bond for the above market coupon rate
B) discount; the purchaser of the bond for the above market coupon rate
C) premium; the seller of the bond for above market coupon rate
D) discount; the seller of the bond for above market coupon rate

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