Multiple Choice
If a debenture's stated interest rate is lower than the market rate, which of the following is TRUE?
A) The debenture will be issued at a discount.
B) The debenture will be issued at a premium.
C) The debenture will be issued at par.
D) The debenture will be issued for an amount higher than the maturity value.
Correct Answer:
Verified
Correct Answer:
Verified
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