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Score: 0 of 1 pt 8 of 15 (0 complete) HW Score: 0%, 0 of 15 Problem 6-15 Question Help Suppose a seven-year $1.000 bond

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Score: 0 of 1 pt 8 of 15 (0 complete) HW Score: 0%, 0 of 15 Problem 6-15 Question Help Suppose a seven-year $1.000 bond with an 8.3% coupon rate and semi-annual coupons is trading with a yield to maturity of 6,37%. a. Is this bond currently trading at a discount, at par, or at a premium? Explain b. If the yield to maturity of the bond rises to 7.04% (APR with semi-annual compounding), what price will the bond trade for? A. Because the yield to maturity is greater than the coupon rate, the bond is trading at par O B. Because the yield to maturity la greater than the coupon rate, the bond is trading at a premium c. Because the yield to maturity is less than the coupon rate, the band in trading at a discount OD. Because the yield to maturity is loss than the coupon rate the bond is trading at a premium Click to select your answer and then click Check Answer Clear All Final Check 1 part remaining HOOL

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