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Question 8 A bond traded at 102% means that: O The bond pays 2.5% interest. The market rate of interest is 2.5%. O The market

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Question 8 A bond traded at 102% means that: O The bond pays 2.5% interest. The market rate of interest is 2.5%. O The market rate of interest is 2%% above the contract rate. O The bonds were retired at $1,025 each. O The bond traded at $1,025 per $1,000 bond

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