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please answer quickly 7) A bond has a $1,000 face value, a market price of $1289, and pays interest payments of $69.50 every year. What
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7) A bond has a $1,000 face value, a market price of $1289, and pays interest payments of $69.50 every year. What is the coupon rate (not yield to maturity)? And is it a Premium or Discount bond? A) 7.03 percent; Discount Bond B) 6.95 percent; Premium Bond C) 6.95 percent; Discount Bond D) 7.03 percent; Premium Bond E) 8.14 percent; Premium Bond Step by Step Solution
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