Question
On a maturity date, a bond value (price) is always equal to: can be less or more than par value it depends on the coupon
On a maturity date, a bond value (price) is always equal to:
| can be less or more than par value | ||
| it depends on the coupon rate | ||
| par value | ||
| it depends on the relationship between the coupon rate and the required rate of return on the bond | ||
| it depends on the required rate of return |
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
