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Suppose the prevailing market rate is 8 percent. A 5 year bond with a coupon rate of 6 percent will be sold at: a premium

Suppose the prevailing market rate is 8 percent. A 5 year bond with a coupon rate of 6 percent will be sold at:

  1. a premium
  2. a discount
  3. par
  4. $1,000
  5. $1,080.

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