Multiple Choice
If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $250,000 will be
A) Equal to $250,000
B) Greater than $250,000
C) Less than $250,000
D) Greater than or less than $250,000, depending on the maturity date of the bonds
Correct Answer:
Verified
Correct Answer:
Verified
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