2. If you need to sell your bond on the secondary market before the maturity date, ....

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2. If you need to sell your bond on the secondary market before the maturity date, . (LO 14-1)

a. You will receive only the exact amount you invested.

b. If current interest rates are higher than your bond, you will receive less than face value.

c. If current interest rates are lower than your bond, you will receive more than face value.

d. If current interest rates are higher than your bond, you will receive more than face value.

e. If current interest rates are lower than your bond, you will receive less than face value.

f. Both

(b) and (c)

g. Both

(d) and (e)

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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