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DDD Co. Inc. has an outstanding 12 year bond with a coupon of 8.75%. The financial press is quoting it with a yield of 696.

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DDD Co. Inc. has an outstanding 12 year bond with a coupon of 8.75%. The financial press is quoting it with a yield of 696. What does this imply about the band's price The price of the bond will be above par The price of the bond will be below par The price of the bond will be slowing increasing to paras time to maturity approaches The price of the bond will be at par

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