Business, 06.01.2020 18:31 xxxharveyweinsteinxx

One year ago, the going rate on bonds was 6% and a client purchased 6% bonds. this year, newly issued bonds are paying a coupon of 7%. the bonds purchased by the customer last year will be trading:
[a] at a discount[b] at a premium[c] at par[d] flat

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One year ago, the going rate on bonds was 6% and a client purchased 6% bonds. this year, newly issue...