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Bond A pays an annual coupon rate of 6 percent and has a face value of $1,000 and bond B pays an annual coupon rate

Bond A pays an annual coupon rate of 6 percent and has a face value of $1,000 and bond B pays an annual coupon rate of 8 percent and also has a face value of $1,000. Based on this information, Bond A should be trading at a price higher than the price of Bond B. (Your answer must begin with True or False followed by your explanation.)

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