Question: A $ 1 , 0 0 0 3 0 - year corporate bond that pays $ 8 0 annually in interest is current selling for

A $1,00030-year corporate bond that pays $80 annually in interest is current selling for $892. Which of the following relationships is correct?
Multiple Choice
Market rate > coupon rate.
Market rate = coupon rate .
Market rate coupon rate.
Market rate may be more or less than the coupon rate.
A $ 1 , 0 0 0 3 0 - year corporate bond that pays

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