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Fish Corp Purchases a $100,000 Face Value Bond Which Matures in in Two

Question 137

Multiple Choice

Fish Corp. purchases a $100,000 face value bond which matures in two years. The coupon rate is 6% and the market rate is 7%. What is the premium or discount (rounded) ?


A) $0
B) $1,808
C) $98,192
D) $100,000

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