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8. The present value of a $10,000, 5-year bond, will be less than $10,000 if the A) contractual interest rate is less than the market

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8. The present value of a $10,000, 5-year bond, will be less than $10,000 if the A) contractual interest rate is less than the market interest rate. B) contractual interest rate is greater than the market interest rate. C) bond is convertible. - D) contractual interest rate is equal to the market interest rate

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