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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 6%.

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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 6%. What does this imply about the bond's price? The price of the bond will be at par. The price of the bond will be slowing increasing to par as time to maturity approaches. The price of the bond will be below par. The price of the bond will be above par

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