Multiple Choice
If a bond has a contract rate of interest of 6%, but the discount rate of interest is 8%, the bond
A) will sell at a discount (less than face value) .
B) will sell at a premium (more than face value) .
C) may sell at either a premium or a discount.
D) will sell at its face value.
Correct Answer:
Verified
Correct Answer:
Verified
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