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Suppose the market rate for a company's bonds it 6%, and the company issues bonds with a coupon rate of 8%. Which of the following
Suppose the market rate for a company's bonds it 6%, and the company issues bonds with a coupon rate of 8%. Which of the following is true?
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The proceeds from the bond issuance will equal the face value of the bond
The bonds will be issued at a premium
The bonds will be issued at a discount
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