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Five years ago, ABC Inc. issued 25-year fixed coupon bonds at par. Since then the bonds yield-tomaturity (YTM) has decreased by 1.5%. Based on this

Five years ago, ABC Inc. issued 25-year fixed coupon bonds at par. Since then the bonds yield-tomaturity (YTM) has decreased by 1.5%. Based on this information, which of the following is true regarding the current market price of the bond? a. The bond is selling at discount. b. The bond is selling at premium. c. The bond is selling at book value. d. The bond is selling at par. e. Insufficient information.

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