If Jamie purchases a corporate bond for $960, she is said to have bought it at:
A)the current coupon rate.
B)par value.
C)a premium.
D)a discount.
E)the current yield.

Name: If Jamie purchases a corporate bond for $960, she is said to have bought it at: A)the current coupon rate. B)par value. C)a premium. D)a discount. E)the current yield.
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Question

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When Jamie purchases a corporate bond for $960, she is said to have bought it at a discount, which means the purchase price is less than the face value of the bond.

If Jamie Purchases a Corporate Bond for $960, She Is