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Golden Corporation's Statement of Financial Positions shows a long-term bond of $50,500,000. The bonds have...

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Finance

Golden Corporation's Statement of Financial Positions shows a long-term bond of $50,500,000. The bonds have a 6% coupon rate, payable semiannually, and a par value of $1,000. They mature 10 years from today. The yield to maturity is 10%.

  1. Is this a discount or premium bond? What is the current market value of the firm's bond?

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