Question: Suppose that interest rates are at 10% for every maturity. A coupon bond with face value $550 offers an annual coupon of $50. The bond

Suppose that interest rates are at 10% for every maturity. A coupon bond with face value $550 offers an annual coupon of $50. The bond will sell

a.

At par

b.

At a premium

c.

We cannot tell without knowing the maturity

d.

At a discount

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