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You are given Bond A, Bond B and Bond C as below. Note that Bond A and B pay annual coupons while Bond C pays

You are given Bond A, Bond B and Bond C as below. Note that Bond A and B pay annual coupons while Bond C pays semiannually.

(1) Identify if each bond is sold at a premium, discount, or par. (6 points)

Bond A Bond B Bond C
Annual coupon bond Annual coupon bond Semi-annual coupon bond
Settlement Date 10/7/20 10/7/20 10/7/20
Maturity Date 10/7/25 10/7/30 10/7/30
Face Value $100 $100 $100
Coupon Rate 4% 4% 4%
Maturity 5 10 10
Coupon Payments per year, Frequency 1 1 2
Price $103.42 $98.52 $100.00
Sold at Premium, Par, or Discount?

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