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Today, Circus bonds were priced at a premium all day and Big Top bonds were priced at a premium all day. Both bonds have face
Today, Circus bonds were priced at a premium all day and Big Top bonds were priced at a premium all day. Both bonds have face values of $ and pay their next annual coupons in year. Kirk had $ at the start of the day and Ashley had $ at the start of the day. Which one of the following assertions is true?
Kirk had enough money to buy Circus bonds today and Ashley had enough money to buy Big Top bonds today
Kirk did not have enough money to buy Circus bonds today and Ashley had enough money to buy Big Top bonds today
Kirk had enough money to buy Circus bonds today and Ashley did not have enough money to buy Big Top bonds today
Kirk did not have enough money to buy Circus bonds today and Ashley did not have enough money to buy Big Top bonds today
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