Question
if a bond is selling for discount, which of the following must be true? market price equal to the face value market price that exceeds
if a bond is selling for discount, which of the following must be true?
market price equal to the face value
market price that exceeds the face value
yield to maturity that exceeds the coupon rate
yield to maturity that is the same as the coupon rate
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
