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If the required (market) rate is equal to the bond's coupon rate, then the bond's price is less than the face value of the bond.
If the required (market) rate is equal to the bond's coupon rate, then the bond's price is less than the face value of the bond.
A. TRUE
B. FALSE
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
