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Bonds will sell at: Multiple Choice A premium if the stated rate exceeds the market rate. Their face value if the stated rate is equal
Bonds will sell at: Multiple Choice A premium if the stated rate exceeds the market rate. Their face value if the stated rate is equal to the nominal rate. Their face value unless the stated rate is less than the market rate A discount if the stated rate exceeds the market rate
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
