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An investor purchases a 3 . 0 0 % $ 1 0 0 par preferred stock with a current yield of 3 . 3 2

An investor purchases a 3.00%$100 par preferred stock with a current yield of 3.32%. What statement is true?
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The security's coupon is 3.32%
The security trades at a premium
The security trades at a discount
The security trades at parity
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