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Bonds are issued by X Company and by Y Company on the same day. Bond X pays interest at 8% while Bond Y pays interest

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Bonds are issued by X Company and by Y Company on the same day. Bond X pays interest at 8% while Bond Y pays interest at 9%. Each bond matures in 10 years and has a maturity value of $1,000,000. The current market rate of interest is 8%. Which of the following is true? O Bond Y will sell at a premium and Bond X will sell at a discount. O Bond X will sell at a higher price than Bond Y, since its stated rate matches the market rate. O Both bonds will sell for the same price, since they have the same maturity value and are sold on the same day. O Bond Y will sell at a higher price than Bond X

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