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One year ago Davidson sold 10 year $1000 par value semi-annual coupon bonds at a price of $945.45 per bond. Market rate was 9 percent

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One year ago Davidson sold 10 year $1000 par value semi-annual coupon bonds at a price of $945.45 per bond. Market rate was 9 percent at the time. Today the market rate is 9.5 percent, therefore the bonds are currently selling: Select one: O a. at a discount O b. below market price Oc. at a premium O d. at par

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