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When the par value of a bond exceeds the market value, the bond is selling at a ______ and interest rates have gone ______ since
When the par value of a bond exceeds the market value, the bond is selling at a ______ and interest rates have gone ______ since the bond was originally issued.
| a) premium, down |
| b) premium, up |
| c) discount, down |
| d) discount, up |
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