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A bond with an annual coupon of $100 originally sold at par for $1,000. The current yield to maturity on this bond is 9%. Assuming
A bond with an annual coupon of $100 originally sold at par for $1,000. The current yield to maturity on this bond is 9%. Assuming no change in risk, this bond would sell at a in order to compensate A. premium; the seller for the above market coupon rate B. discount; the issuer for the higher cost of borrowing C. discount; the purchaser for the above market coupon rate D. premium; the purchaser for the above market coupon rate O E. discount; the seller for the above market coupon rate
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