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Imagine you are asked to evaluate the following bond: Years to maturity: 30 years Face value: 10,000,000 Coupon rate: 5% What is the (premium or

Imagine you are asked to evaluate the following bond:

Years to maturity: 30 years

Face value: 10,000,000

Coupon rate: 5%

What is the (premium or discount) of the bond?

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