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Kovalenko, Inc issues bonds with the following information. Kovalenko, Inc Bond Issuance Description Data Par Value 5 0 , 0 0 0 Term 8 years

Kovalenko, Inc issues bonds with the following information. Kovalenko, Inc Bond Issuance Description Data Par Value

50, 000

Term

8

years Contract Interest Rate

4 %

Market Interest Rate

3 %

Issue Price

104

Is this bond issued at par value, at a discount, or at a premium? For answer enter discount or premium

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