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Your company Andrews has a bond retiring in 2008. This bond has an interest rate of 13.5%, a face value of $10,300,000 and a closing
- Your company Andrews has a bond retiring in 2008. This bond has an interest rate of 13.5%, a face value of $10,300,000 and a closing price of $102.53.
Since your company had sold these 10 year bonds at $100, you would be buying them back at (a):
( ) Premium
( ) Discount
( ) Par
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