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Consider a bond with 5 years to go until maturity, currently selling at 103. The bond pays interest of 5% p.a. This bond: a.is selling

Consider a bond with 5 years to go until maturity, currently selling at 103. The bond pays interest of 5% p.a. This bond:

a.is selling at par.

b.is selling at a premium.

c.is selling at a discount.

d.cannot be described, based only on the information provided here.

e.none of the above.

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