When the market value of debt is the same as its face value, it is said to be selling at the:?
A. ?yield value.
B. ?par value.
C. ?discounted value.
D. ?premium value.
E. ?maturity value.
Answer: B
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A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is NOT CORRECT?
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Indicate whether the statement is true or false