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Suppose a corporate bond has a 4.75% coupon rate with 7 years left to maturity and a current yield to maturity (YTM) of 5.25%. Assume

Suppose a corporate bond has a 4.75% coupon rate with 7 years left to maturity and a current yield to maturity (YTM) of 5.25%. Assume coupon payments are made semiannually and the bond has a par value of $1,000. Is this a discount or premium bond?

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