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b) Suppose you are reviewing a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity,

b) Suppose you are reviewing a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity, and the yield to maturity is 8%.

Is this a discount or premium bond?

What is the value of the bond?

What is the current yield on the bond?

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