Question: Please explain your answer thoroughly. Thank you in advance for your help! Bond contract rate = 7% semi-annual Bond par = $10,000 Bond market rate

Please explain your answer thoroughly. Thank you in advance for your help!

Bond contract rate = 7% semi-annual

Bond par = $10,000

Bond market rate = 6% semi-annual

Bond life = 10 years

Will it be sold at a discount or premium?

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