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Peter kim wanted to buy a new car.To help finance the purchase he decided to sell his organic markets bond in the secondary market.Peters bond had a par value of $ 10,000 and a coupon of 6 percent.Current
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Peter kim wanted to buy a new car.To help finance the purchase he decided to sell his organic markets bond in the secondary market.Peters bond had a par value of $ 10,000 and a coupon of 6 percent.Current interests were 3 percent.What would peters bond sell for?

User Wxker
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At a premium, since it pays 6% and market is only 3%.
User Aronadaal
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