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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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