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Consider three 30-year bonds with annual coupon payments. One bond has a 15% coupon rate, one has a 10% coupon rate, and one has

Consider three 30-year bonds with annual coupon payments. One bond has a 15% coupon rate, one has a 10% coupon rate, and one has 5% coupon rate. If the yield to maturity of each bond is 10%, what is price of each bond per $1,000 face value? Which bond trades at a premium, which trades at a discount, and which trades at par?

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