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Price the following bond FV 10,000, i is 6.33, n is 7, coupon 3% If the market rates of interest are higher than the promised
Price the following bond FV 10,000, i is 6.33, n is 7, coupon 3%
If the market rates of interest are higher than the promised coupon, the bond price will trade at a ___________ to its face value.
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