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The present value of a $10,000, 5-year bond, will be less than $10,000 if the contractual interest rate is greater than the market interest rate.
The present value of a $10,000, 5-year bond, will be less than $10,000 if the contractual interest rate is greater than the market interest rate. contractual interest rate is less than the market interest rate. bond is convertible. contractual interest rate is equal to the market interest rate
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OECD Public Governance Reviews Brazils Supreme Audit Institution The Audit Of The Consolidated Year End Government Report
Authors: Oecd
1st Edition
9264188088, 978-9264188082
