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A $1,000 face value bond currently has a discount rate (yield-to-maturity) of 6.69 percent. The bond...

A $1,000 face value bond currently has a discount rate (yield-to-maturity) of 6.69 percent. The bond matures in three years and pays coupon annually. The coupon rate is 7 percent. What type of bond it is?

Group of answer choices

Premium bond

Discount bond

Par bond

Zero-coupon bond

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