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Allegiant issues 6 % , 2 0 - year bonds with a par value of $ 2 , 0 0 0 , 0 0 0

Allegiant issues

6 %, 20 -

year bonds with a par value of $

2, 000, 000

and semiannual interest payments. In each separate situation, determine whether the bond is issued at par value, at a discount, or at a premium.

Market rate for the bond is

5 % .

Market rate for the bond is

6 % .

Market rate for the bond is

7 % .

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