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Consider a $110,000 debenture bond that matures in 15 years and pays $5,500 a year in interest. If the investor earns a yield of 4%,

Consider a $110,000 debenture bond that matures in 15 years and pays $5,500 a year in interest. If the investor earns a yield of 4%, they must have purchased the bond at a. a discount b. par c. a premium d. face value

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