Demetrius recently bought a bond with face value of $1,000. He paid $1,150 for the bond. Demetrius's bond investment undoubtedly pays a higher interest rate than the going rate for similar bonds currently out on the market.

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The Answer of Demetrius recently bought a bond with face value of $1,000. He paid $1,150 for the bond. Demetrius's bond investment undoubtedly pays a higher interest rate than the going rate for similar bonds currently out on the market.

Demetrius Recently Bought a Bond with Face Value of $1,000