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What is the price today of a two-year, default-free security with a face value of $1,000 and an annual coupon rate of 4% ? The
What is the price today of a two-year, default-free security with a face value of $1,000 and an annual coupon rate of 4% ? The price is ? (Round to the nearest cent.) Does this bond trade at a discount, at par, or at a premium? (Select the best choice below.) 1. This bond trades at par. 2. This bond trades at a premium. 3. This bond trades at a discount. 4. Not enough information
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