What is the price for the package

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Reference no: EM132042946

A company issues bonds with a coupon rate of 8%, due in 10 years. The total bonds issued equals $1,000,000. On the day of issuance, other bonds are selling at 7%. Interest is paid annually.

Will these bonds need to be issued at par, premium or discount?

What is the price for the package?

If bonds are issued for $1,000 each, what is the price of an individual bond?

Reference no: EM132042946

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