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Why if interest rates have fallen since the bond issued, the bond will sell for more than its par value; if interest rates have risen,
Why "if interest rates have fallen since the bond issued, the bond will sell for more than its par value; if interest rates have risen, the bonds will sell at a price below par"?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
