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If there quoted rate of return on a bond (Rd) is greater than its coupon interest rate and will remain above that rate, then the
If there quoted rate of return on a bond (Rd) is greater than its coupon interest rate and will remain above that rate, then the market value of the bond will always be below its par value until it matures, at which time it's market value will equal it's par value. (Accrued interest between interest payment dates should not be considered when answering)
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