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Suppose the market now requires an 11 percent return for a bond that was issued years ago with a 10 percent coupon. This bond will

Suppose the market now requires an 11 percent return for a bond that was issued years ago with a 10 percent coupon. This bond will currently be priced Select one: a. at par value. b. at a discount from face value. c. at face value. d. at a premium over face value.

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