Determine is the bond trading at a discount or premium

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Point 1: Jules issues 4.5%, five-year bonds dated January 1, 2009, with a $230,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $235,160. The annual market rate is 4% on the issue date.

Required:

Question 1: Is this bond trading at a discount or premium

A.discount

B. premium

Reference no: EM132485430

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