Multiple Choice
Which of the following occurs when a debenture's stated interest rate is higher than the market interest rate?
A) The debenture will be issued at par.
B) The debenture will be issued at a discount.
C) The debenture will be issued at maturity value.
D) The debenture will be issued at a premium.
Correct Answer:
Verified
Correct Answer:
Verified
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