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Please Explain. Thank you! You are looking at purchasing a bond for a US based company that has a coupon of 5% and is trading

image text in transcribed Please Explain. Thank you!

You are looking at purchasing a bond for a US based company that has a coupon of 5% and is trading at a price of 99. Its maturity is ten years. Is the bond trading at a? Discount Premium Par Less than the coupon None of the Above

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