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  3. exercise 2. show that a bond sells at a premium if

Exercise 2. Show that a bond sells at a premium if and only if its...

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Exercise 2. Show that a bond sells at a premium if and only if its coupon rate is greater than its yield-to- maturity. Show that it sells at a discount if and only if the coupon rate is less than the yield. Show that it sells at par if and only if the coupon rate equals the yield

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