Which of the following statements is correct?

a. Bonds are issued at a price that reflects the stated rate of interest on the day the bond is purchased.
b. If the face rate of interest on a bond is not equal to the market rate of interest, then the company desiring to issue the bonds must reprint its bond certificates.
c. The actual issue price of a bond represents the present value of all future cash flows related to the bond.
d. The market rate of interest has no bearing on the selling price of the bonds.


c

Business

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