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PLEASE SHOW ALL WORK!! Assume that an outstanding seven-year bond has $1,000 par value, a coupon rate of 5 percent, and five years remaining to

image text in transcribed PLEASE SHOW ALL WORK!!

Assume that an outstanding seven-year bond has $1,000 par value, a coupon rate of 5 percent, and five years remaining to maturity. If the required rate of return on similar bonds of equal risk is 10 percent, the bond will sell at which of the following? A premium A discount At par value At $1,250 ($50 annual interest payments * 5 years to maturity) The bond cannot be sold again since it is already outstanding

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