Last year lexington homes issued 1 million in unsecured, Ask an Expert

Finance

Last year, Lexington Homes issued $1 million in unsecured, non-callable debt. This debt pays an annual interest payment of $55 and matures 6 years from now. The face value is $1,000 and the market price is $1,020. Which one of these terms correctly describes a feature of this debt?

semi-annual coupon
discount bond
note
trust deed
collateralized

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