Essay
Match the way a bond will sell with the situations given. Bond will sell for
A. Par
B. A discount
C. A premium
D. None of the above Situation ____
1. Bond sells at 108. ____
2. Bond sells at 93. ____
3. Bond sells at 100 . ____
4. The effective rate is greater than the stated rate . ____
5. The stated rate equals the effective rate. ____
6. The stated rate exceeds the effective rate .
Correct Answer:
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(1) C, (2)...View Answer
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Correct Answer:
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