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  3. little oil co. is offering a $1000 par bond with a

Little Oil Co. is offering a $1000 par bond with a 8% coupon. The bonds...

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Finance

  1. Little Oil Co. is offering a $1000 par bond with a 8% coupon. The bonds will mature in 10 years. If the current market rate for these kinds of bonds is 6% what will the bond sell for? And is it sold at a discount or premium?

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