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Last year, the XYZ Corporation had issued 15.0% coupon (semi-annual), 20 year, Mrated bonds with a face value of $1,000 to finance its business expansion.

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Last year, the XYZ Corporation had issued 15.0% coupon (semi-annual), 20 year, Mrated bonds with a face value of $1,000 to finance its business expansion. As of today, the market price of XYZ's bonds are $1,500. What is the current yield to maturity and how can the bonds be classified? 10.7%, so these are discount bonds 9.3%, so these are discount bonds 9.3%, so these are premium bonds 12.3%, so these are discount bonds 12.3%, so these are premium bonds

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