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When the market interest rate (or yield to maturity) is below the coupon rate for a particular quality of bond, the bond will be priced:

When the market interest rate (or yield to maturity) is below the coupon rate for a particular quality of bond, the bond will be priced:
  • A. below its par value
  • B. at its par value
  • C. above its par value
  • D. The bond price cannot be determined

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