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What is a bonds market price when the required rate of return on the bond is less than the coupon rate? a. The bonds price

What is a bonds market price when the required rate of return on the bond is less than the coupon rate?

a. The bonds price is greater than the par value

b. None of the above

c. The bonds price is less than the par value

d. The bonds price is the same as the par value

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