Will the bond be sold at premium or at discount

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Reference no: EM132991179

Question - The 3-year bonds are issued with face value of $1,000,000. The stated interest rate is 6% and the market rate is 8%.

What is the PV of the principal?

What is the PV if the interest payment?

Will the bond be sold at premium or at discount?

What is the premium or discount amount?

Reference no: EM132991179

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