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A company releases a five-year bond with a face value of $1000 and coupons paid semiannually. If market interest rates imply a YTM of 7%,

"A company releases a five-year bond with a face value of $1000 and coupons paid semiannually. If market interest rates imply a YTM of 7%, which of the following coupon rates will cause the bond to be issued at a discount?--- "

6%.

7%.

8%.

10%.

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