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MicroMedia Inc. $1000 par value bonds are selling for $832. Which of the following statements is TRUE? A) The coupon rate is greater than the
MicroMedia Inc. $1000 par value bonds are selling for $832. Which of the following statements is TRUE?
A) The coupon rate is greater than the yeild to maturity
B) The bonds are selling at a premium to the par value
C) The bonds must have more than six years to maturity
D) None of the above
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