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When a bond is issued at 101, it means that it is sold at a premium, specifically 101% of its face value. This indicates that investors are willing to pay more than the par value for the bond, often due to favorable interest rates or perceived lower risk. The bond could be a corporate bond, government bond, or municipal bond, depending on the issuer. Generally, bonds sold at a premium typically have lower yields compared to their coupon rates.

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1w ago

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