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When a company issues a bond at a discount it is most likely because: a. It is very risky, and has a junk rating from
When a company issues a bond at a discount it is most likely because:
a. It is very risky, and has a "junk" rating from a credit scoring agency. |
b. It expects market interest rates to increase in the future. |
c. The market rate fell relative to the coupon rate before the bond was issued. |
d. The market rate increased relative to the coupon rate before the bond was issued. |
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