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If I issue a bond that has a face value of $1,000, a stated interest rate of 4%, and a maturity of 10 years at
If I issue a bond that has a face value of $1,000, a stated interest rate of 4%, and a maturity of 10 years at an annual market interest rate of 8%, I am ______________.
Select one:
a. Issuing the bond at a discount.
b. Issuing the bond at par.
c. Issuing the bond at a premium.
d. Purchasing the bond at a premium.
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