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True or False 11.____If the market rate is greater than the coupon rate, bonds will be sold at a premium. 13.____ The stated rate is

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11.____If the market rate is greater than the coupon rate, bonds will be sold at a premium.

13.____ The stated rate is the same as the coupon rate.

14.____ Amortization of a premium increases bond interest expense, while amortization of a discount decreases bond interest expense.

15.____ A bond may only be issued on an interest payment date.

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