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Suppose that the interest rates for all maturities are 4%. We are told that a bond has a duration (Macaulay's) of 27.5. Can we say

Suppose that the interest rates for all maturities are 4%. We are told that a bond has a duration (Macaulay's) of 27.5. Can we say that this bond is a discount bond, premium bond, or par bond? Explain.

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