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I am confused on this question if you could solve it and show your work you will be a lifesaver. A $1,000 face value bond
I am confused on this question if you could solve it and show your work you will be a lifesaver.
A $1,000 face value bond pays a $40 annual coupon. The yield to maturity on this bond is 4%. Is this bond trading at a discount, premium, or par? Why
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