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A Sunpac bond is selling at a premium to its face value. The bond has 3 years to maturity and pays an annual coupon of
A Sunpac bond is selling at a premium to its face value. The bond has years to maturity and pays an annual coupon of Based on this information, which of the following statements is correct?
Group of answer choices
The bonds yield is greater than its coupon percentage.
Bonds always sell at a premium because they have coupon payments.
The premium represents the high demand for Sunpac bonds.
None of the other answers is correct
The bonds yield is same as its coupon percentage.
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