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An investor invests in a fixed-rate bond because: His calculated value for the bond is greater than the selling price His calculated yield is greater
An investor invests in a fixed-rate bond because:
- His calculated value for the bond is greater than the selling price
- His calculated yield is greater than the yield posted in the market
- He is happy with the yield of the bond when considering its risk
- None of the above
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
