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If the appropriate rate of interest on a bond is greater than its coupon rate, the market value of that bond will be above par
If the appropriate rate of interest on a bond is greater than its coupon rate, the market value of that bond will be above par value.
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard
3rd Edition
0324118945, 9780324118940
