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Which of the following statements is false about issuing bonds at a discount: The bond price will therefore increase to ensure that the yield (effective

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Which of the following statements is false about issuing bonds at a discount: The bond price will therefore increase to ensure that the yield (effective interest rate) is competitive The coupon rate is too low - investors can get a better rate elsewhere Since the coupon rate is fixed, a lower bond price will result in a higher yield

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