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A bond with a par value of $1,000 has a coupon rate of 10%. If the market rate (yield to maturity) is 8%, which of
A bond with a par value of $1,000 has a coupon rate of 10%. If the market rate (yield to maturity) is 8%, which of the following can be said about the price of the bond? O Whether the bond is selling above/below par depends on the maturity of the bond. It is selling at par. - It is selling at a premium. O It is selling at a discount. Whether the bond is selling above/below par depends on whether the coupons are paid annually or semi-annually
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