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Time left 1:28 A $18 000, 7.3% bond is purchased 7 years before maturity to yield 1.7% compounded semi-annually. The bond interest is payable
Time left 1:28 A $18 000, 7.3% bond is purchased 7 years before maturity to yield 1.7% compounded semi-annually. The bond interest is payable semi-annually. How should we expect this bond to sell? O a. Premium (bond rate = 7.3% 1.7% = market rate) c. Discount (bond rate = 7.3% < 1.7% = market rate) O d. Discount (bond rate = 7.3% > 1.7% = market rate) O e. At par Premium (bond rate = 7.3% = 1.7% = market rate) Clear my choice
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