Question: Saturn Ltd. issues a 10 year bond having a value at maturity of $600,000. If the bond was issued at a premium, this would indicate

Saturn Ltd. issues a 10 year bond having a value at maturity of $600,000. If the bond was issued at a "premium", this would indicate that A. the stated rate was higher than the market rate.

B. the market rate was higher than the stated rate.

C.no relationship exists between the two rates.

D. the market and stated rates were the same.

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