A bond has a coupon rate of 6 percent and matures in ten years.The next semiannual interest payment will be paid one month from now.Which one of the following do you know with certainty concerning this bond?
A) The bond sells at a discount.
B) The bond sells at a premium.
C) The dirty price is higher than the clean price.
D) The clean price is higher than the dirty price.
E) The market price exceeds the par value.
Correct Answer:
Verified
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