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Please explain in details if the following statement is true or false. If the required rate of return on a bond is greater than its

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Please "explain" in details if the following statement is true or false. If the required rate of return on a bond is greater than its coupon interest rate and will remain below that rate, then the market value of the bond will always be below its par value until the bond matures, at which time its market value will equal its par value. Reply 7 8 9

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