Multiple Choice
A bond is issued at $1,000 par value during a time in which interest rates for similar bonds were 8%.Today,new bonds with similar creditworthiness are issued at 10%.Which of the following is most likely to be true about the bond?
A) It is currently selling for a premium.
B) It is currently selling at a discount.
C) It is currently selling at par.
D) The bond is likely to be called.
E) None of these apply.
Correct Answer:
Verified
Correct Answer:
Verified
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