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Consider three 30-year bonds with annual coupon payments. One bond has a 12% coupon rate, one has a 7% coupon rate, and one has a

Consider three 30-year bonds with annual coupon payments.

One bond has a 12% coupon rate, one has a 7% coupon rate, and one has a 5% coupon rate.

If the yield to maturity of each bond is 6%, what is the price of each bond per $1000 face value?

Which bond trades at a premium, which trades at a discount, and which trades at par

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