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Ion 3 Your broker offers you the opportunity to purchase a bond with coupon payments of $90 per year (coupon rate=9%) and a face value

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Ion 3 Your broker offers you the opportunity to purchase a bond with coupon payments of $90 per year (coupon rate=9%) and a face value (par value) of $1,000. If the yield to maturity on similar bonds in the market is 10% (market interest rate=10%), this bond should Your answer: O sell for the same price as the similar bonds regardless of maturity o sell at premium O sell at discount o sell for either a premium or discount but you can't tell which Clear

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