Anna-Mae Inc is going to issue a bond whereby they would pay a coupon with rate equal to the markets required yield to maturity.  As a result, the bond would be priced: A) greater than face value B) less than face value C) equal to face value

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 23P
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Anna-Mae Inc is going to issue a bond whereby they would pay a coupon with rate equal to the markets required yield to maturity.  As a result, the bond would be priced:

A) greater than face value
B) less than face value
C) equal to face value
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