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If a bond is issued at 95.6, this means that A $1,000 bond sold for $956.00 The bond sold at a premium A $1,000 bond
If a bond is issued at 95.6, this means that
A $1,000 bond sold for $956.00 |
The bond sold at a premium |
A $1,000 bond sold for $95.60 |
The bond rate of interest is 9.56 percent of the market rate of interest |
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