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( Learning Outcome 5 ) A bond is issued at discount: when a bond's stated interest rate is equal to the market interest rate. when

(

Learning Outcome

5)

A bond is issued at discount:

when a bond's stated interest rate is equal to the market interest rate.

when a bond's stated interest rate is more than the effective interest rate.

when a bond's stated interest rate is less than the market interest rate.

when a bond's stated interest rate is higher than the market interest rate.

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