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The AI Robotics Company has a bond outstanding with a par value of $1,000. The bond, which will mature in five years, has a coupon

The AI Robotics Company has a bond outstanding with a par value of $1,000. The bond, which will mature in five years, has a coupon rate of 8.1% per annum. Coupons are paid semiannually.

If the relevant YTM is 10.6%, then this bond will trade at .

Group of answer choices

a discount

none of the above

par

a premium

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