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A coupon bond has a coupon rate of 3% and a current yield of 2.8%. (a) Is the bond selling above or below par? Why

A coupon bond has a coupon rate of 3% and a current yield of 2.8%.

(a) Is the bond selling above or below par? Why or why not?

(b) Is the yield to maturity above or below 2.8%? Why or why not?

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