Question: Quality Construction Products Inc. issued $ 1 , 0 0 0 face value 2 0 - year bonds five years ago. These bonds are currently

Quality Construction Products Inc. issued $1,000 face value 20- year bonds five years ago. These bonds are currently
selling for $1,218.47. From this information we can conclude that the Quality Construction Products Inc.bonds have a
yield - to - maturity greater than the coupon rate on these bonds.
Quality Construction Products Inc. issued $1,000 face value 20- year bonds

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