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Bond J has a coupon rate of 9 percent. Bond K has a coupon rate of 3 percent. Both bonds have 14 years to maturity,

Bond J has a coupon rate of 9 percent. Bond K has a coupon rate of 3 percent. Both bonds have 14 years to maturity, make semiannual payments, and have a yield to maturity of 6 percent. Which of the following is true?

Multiple Choice

Bond J sells at a premuim, Bond K sells at a discount

Bond J and K sell at a discount

Bond K sells at a premium, Bond J sells at a discount

Bond J and K sell at premium

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