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Morgan Corporation issued 10,000 face value Bonds currently have a yield to maturity of 8.00 percent. The Bonds mature in five years and pay interest
Morgan Corporation issued 10,000 face value Bonds currently have a yield to maturity of 8.00 percent. The Bonds mature in five years and pay interest semiannually. The coupon rate is 7.5 percent.
What is the current price of these Bonds?
Were these Bonds issued at a premium or at a discount?
How many Bonds were issued?
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