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Target's bonds are currently selling at a premium (above par value), which means a. the market value of the bond is greater than the discount

Target's bonds are currently selling at a premium (above par value), which means

a. the market value of the bond is greater than the discount rate of the bond.

b. investor's expected (or required) rate of return is below the coupon rate of the bond.

c. current market interest rates are moving in the same direction as bond values.

d. the economy is in a recession.

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