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0. Analyst 1: A bond is priced at premium when the coupon rate is greater than the market discount rate. A bond is priced at discount when the coupon rate is less than the market discount rate. Analyst 2: A bond is priced at premium when the coupon rate is less than the market discount rate. A bond is priced at discount when the coupon rate is more than the market discount rate. Which analyst’s statement is most likely correct?
Analyst 1.
Analyst 2.
Neither.
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