Multiple Choice
The present value of a $5,000, 10-year bond, will be less than $5,000 if the
A) coupon interest rate is less than the market interest rate.
B) coupon interest rate is higher than the market interest rate.
C) bond is convertible.
D) coupon interest rate is equal to the market interest rate.
Correct Answer:
Verified
Correct Answer:
Verified
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