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If you own a term bond with a coupon rate of 5% and the current market rate for bonds is 5.3%, you could sell the
If you own a term bond with a coupon rate of 5% and the current market rate for bonds is 5.3%, you could sell the bond on the bond market for an amount above its face value.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
