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If a Bond Is Currently Trading at Its Face (Par)value,then

question 55

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If a bond is currently trading at its face (par) value,then it must be the case that:


Definitions:

Capital

The money and property that a business needs to operate.

Corporation by Estoppel

A legal doctrine that prevents a person from denying the corporate existence of an entity when they have treated it as a corporation.

Properly Incorporated

Refers to a company or entity that has been legally established and registered under the laws of its jurisdiction.

Valid Corporation

A legal entity that is properly incorporated under the laws of its jurisdiction, providing its owners with limited liability.

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