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Assume a firm issues a bond with the following attributes: Maturity: 10 Years Stated rate of interest: 5% interest is paid annually, at the end

Assume a firm issues a bond with the following attributes:

Maturity: 10 Years

Stated rate of interest: 5%

interest is paid annually, at the end of each year

market rate of interest: 8%

par value: $1,000

True or False: The discount on this bond issue is $201

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