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onetouch onetouch
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8 months ago
If the required rate of return on a bond (rd) is less than its coupon interest rate and will remain below that rate, then the market value of the bond will always be above its par value until the bond matures, at which time its market value will equal its par value. (Accrued interest between interest payment dates should not be considered when answering this question.)


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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Boba155Boba155
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8 months ago
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onetouch Author
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8 months ago
Brilliant ツ
mcraver1
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Yesterday
Good timing, thanks!
courtneyrmcd
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2 hours ago
Correct Slight Smile TY
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