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A bond with an annual coupon of $100 originally sold at par for $1,000. The current yield to maturity (market interest rate) on this bond
A bond with an annual coupon of $100 originally sold at par for $1,000. The current yield to maturity (market interest rate) on this bond is 9%. Assuming no change in the market interest rate, this bond would currently sell at A) A premium to compensate the purchaser for the coupon rate being lower than the market interest rate. B) A discount to compensate the purchaser for the above market coupon rate. C) A premium to compensate the seller for
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