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QUESTION 8 The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the

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QUESTION 8 The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $1,032. What is the yield to maturity? 6.87% 6.92% 7.20% 6.48% 6.08% QUESTION 14 Il else constant, a bond will sell at a premium; equal to when the coupon rate is the yield to maturity. par; less than a discount; higher than a discount; less than a premium; less than

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