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Assume your company issued a bond five years ago with a 8% coupon rate. If comparable bonds currently offer YTMs around 6%, then you expect

Assume your company issued a bond five years ago with a 8% coupon rate. If comparable bonds currently offer YTMs around 6%, then you expect that

  • your company's bond will sell at a discount price
  • your company's bond will sell at a premium price
  • your company's bond will sell at the same price as the comparable bonds current price
  • your company's bond will sell at the same price as the selling price five years ago

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