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If a bond is issued at a discount, the coupon rate is equal to the effective rate . less than the effective rate. greater than

If a bond is issued at a discount, the coupon rate is

equal to the effective rate

. less than the effective rate.

greater than the effective rate.

not needed to determine the bond's sale price.

If a bond is issued at a premium, the coupon rate is

equal to the effective rate.

less than the effective rate.

greater than the effective rate.

not needed to determine the bond's sale price.

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