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Given the information below, which bond(s) will be issued at a discount? Bond 1 6% 5% Bond 2 7% 8% Bond 3 12% 12% Bond

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Given the information below, which bond(s) will be issued at a discount? Bond 1 6% 5% Bond 2 7% 8% Bond 3 12% 12% Bond 4 11% 12% Stated Rate of Return Market Rate of Return Bond 2 O Bonds 2 and 4 O Bond 3 O Bond 4

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