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Ward Co, issued 15-year bonds with a maturity value of $400 million. Which of the following statements is true if the bonds were issued at
Ward Co, issued 15-year bonds with a maturity value of $400 million. Which of the following statements is true if the bonds were issued at their par value? The yield rate of interest exceeded the coupon rate. The cash rate of interest exceeded the coupon rate. The yield rate of interest was less than the coupon rate. The yield rate of interest was equal to the coupon rate
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