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Question

Question

Which of the following is definitely true when interest rates are higher than a bond’s coupon rate? />Bond will sell at a premium
Bond will sell at a discount
Bond will sell at par
Coupon rate will be increased to current interest rate
Principal to be repaid will increase

rates are higher than a bond’s coupon rate? />Bond will sell at a premium
Bond will sell at a discount
Bond will sell at par
Coupon rate will be increased to current interest rate
Principal to be repaid will increase

 
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