Suppose on January 1, 2022, Cable One issued $60,000 in bonds that mature in 5 years, and

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Question:

Suppose on January 1, 2022, Cable One issued $60,000 in bonds that mature in 5 years, and the bonds pay a 10% semiannual coupon. The current market rate for similar bonds for companies with similar credit risk is 8%.Will the bonds be issued at a discount, a premium, or at par?

Par

Too little information provided

Premium

Discount