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A 1o year bond was issued three years ago. It has a Face Value of $1000 and makes coupon payments every six ite arrentyield to maturity is 66% pa cor p this bond sell at a premium discount or at par today? months urang sem-anuary wil o a par b. discount O c not enough information provided to determine
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The correct answer is c.Not enough information provided to determine.

A fair price of bond depends on two things - the coupon rate and the yield to maturity. if the coupon rate is more than the yield to maturity, bond sells at premium and if it's less, bond sells at discount. If equal, bond sells at par value. Since, data regarding yield to maturity is available but coupon rate is not given, the fair price of the bond cannot be determined.

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