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Suppose that IBM bonds have a face value of $1,000 and are currently trading in the marketplace today for $1250.14. These bonds are trading at

Suppose that IBM bonds have a face value of $1,000 and are currently trading in the marketplace today for $1250.14. These bonds are trading at a ______ relative to the _______.

a.

Premium, Market Price

b.

Premium, Par Value

c.

Discount, Market Price

d.

Discount, Par Value

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