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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 risk, this bond would currently sell at

A) A premium in order to compensate the purchaser for the above market coupon rate.

B) A discount in order to compensate the purchaser for the above market coupon rate.

C) A premium in order to compensate the seller for the above market coupon rate.

D) A discount in order to compensate the seller for the above market coupon rate.

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