AS10,000 bond issue with a stated rate of interest of 10%, when the market rate of interest is 12%, means that the bond will be sold for. O A. $10,000 OB. more than $10,000. OC. less than $10,000. O D. the maturity value.
AS10,000 bond issue with a stated rate of interest of 10%, when the market rate of interest is 12%, means that the bond will be sold for. O A. $10,000 OB. more than $10,000. OC. less than $10,000. O D. the maturity value.
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 11PROB
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Transcribed Image Text:A$10,000 bond issue with a stated rate of interest of 10%, when the market rate of interest is 12%, means that the bond will be sold for:
O A. $10,000
B. more than $10,000.
OC. less than $10,000.
O D. the maturity value.
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