Which of the following previously issued bonds (one of these 4) would be currently valued...
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Finance
Which of the following previously issued bonds (one of these 4) would be currently valued at a discount if the prevailing interest rate for bonds of similar risk is 9% (current interest rates are 9%)?
| 1. | 9% Bond with annual payments | |
| 2. | 8% Bond with semiannual payments | |
| 3. | 10% Bond with annual payments | |
| 4. | 11% Bond with semiannual payments |
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