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Quirk agrees to the investment banks terms and carsim issued the debt. Over the nest 2 years the economy is booming with gross domestic product
Quirk agrees to the investment banks terms and carsim issued the debt. Over the nest years the economy is booming with gross domestic product increasing at per year. Unemployment is at and the federal reseve takes policies that increase the interest rates. During this economic boom, carsium is doing well from a financial strength standpoint and has mainatined the BBB rating provided. However the stock price has remained constant at $ a share since issuance. What has likely happened to the market value, or price of the carsium bonds?
A The bonds are like trading at the face value of $
B B The bonds are like trading higher than the face value at $
C The bonds are likely trading lower than the face value at $
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