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Taco Corporation issued a fifteen - year bond with a face value of $ 1 , 0 0 0 , annual coupon ( stated )
Taco Corporation issued a fifteenyear bond with a face value of $ annual coupon stated rate of and market rate of The interest payments are made on December each year. What is the fotal premium or discount on the bond?
$ premium
$ discount
$ discount
$ premium
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