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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

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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