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Use the following information to answer Questions 8 and 9. ABC Inc. just issued 10-year bonds at a coupon rate of 6.50%. The bonds make

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Use the following information to answer Questions 8 and 9. ABC Inc. just issued 10-year bonds at a coupon rate of 6.50%. The bonds make annual payments and have a par value of $1,000. The yield to maturity is 8.50%, 8. (1 point) Compute the bond's current price. Round to the nearest $0.01. 9. (1 point) Is the bond selling at discount, premium, or par? Please answer with a one-word answer. Either "discount", "premium", or "par

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