The market value (price) of a bond is equal to:
A. The present value of all future cash payments provided by a bond.
B. The present value of all future interest payments provided by a bond.
C. The future value of all future cash payments provided by a bond.
D. The future value of all future interest payments provided by a bond.
E. The present value of the principal for an interest-bearing bond.
Answer: A
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