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MicroMedia Inc. $1,000 par value bonds are selling for $832. Which of the folling statement is TRUE? a. The bonds must have more than six
MicroMedia Inc. $1,000 par value bonds are selling for $832. Which of the folling statement is TRUE?
a. The bonds must have more than six years to maturity
b. The bonds must have be selling at a premium par value.
c. The coupon rate is greater than the yield to maturity.
d. None of the above are true.
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