A bond is quoted as Lging 8 07 with a close of 106 . Which of the following statements are true about this bond?
a. Lging pays $85 annually ($170 annually) in interest.
b. The market price of Lging is currently $1,060.
c. The current yield is less than 8 %.
d. The bond is selling at a premium
e. All of the above
E
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