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Assume that on July 1 , 2 0 1 9 , the company issued a 1 billion 3 - year bond with annual coupon rate
Assume that on July the company issued a billion year bond with annual coupon rate of an annual effective rate of and interest to be paid semiannually. Was this bond issued a face value, at a premium over face value, or at a discount from face value? Explain briefly, and without any computations.
Assume that on July the company issued a billion year bond with annual coupon rate of an annual effective rate of and interest to be paid semiannually. Was this bond issued a face value, at a premium over face value, or at a discount from face value? Explain briefly, and without any computations.
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