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You are given three 7-year bonds with the same par value of 1000, same coupon rate of 6% compounded semiannually, and same yield rate of

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You are given three 7-year bonds with the same par value of 1000, same coupon rate of 6% compounded semiannually, and same yield rate of 5.6% compounded semiannually. The redemption value is 1170 for Bond I, 1103 for Bond II, and 1040 for Bond III. Which of these bonds are sold at a premium? Possible Answers A I only B II only C III only D Both I and II E Both II and

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