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Which of the following occurs when a bond's stated interest rate is higher than the market interest rate? The bond will be issued at a premium

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Which of the following occurs when a bond's stated interest rate is higher than the market interest rate?

1. 1. The bond will be issued at a premium.
   2. The bond will be issued at maturity value.
   3. The bond will be issued at a discount.
   4. The bond will be issued at par.