What is the premium to par

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Reference no: EM13768131

If the a bond is quoted at a price of 109.385 on February 1, 2008 that pays a coupon of 8% and matures in 9 years, what is the premium to par?

A) $8.750

B) $9.385

C) $93.85

D) $109.385

Reference no: EM13768131

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