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the s company has a bond outstanding with a face value of $1000 that reaches maturity in 8 years. the bond certificate indicates that the
the s company has a bond outstanding with a face value of $1000 that reaches maturity in 8 years. the bond certificate indicates that the states coupon rate is 9.5% and that the coupon payments are to be made semiannually. assuming the appropriate YTM on the S company bond is 6.8%, then this bond will trade at?
par
a premium
a discount
none of the above
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
