Which of the Following Statements Is TRUE If a Bond

question 161

Multiple Choice

Which of the following statements is TRUE if a bond is issued for an amount equal to its face value?

• A) The bond's stated interest rate is less than the prevailing market interest rate at time of sale.
• B) The bond's stated interest rate is the same as the prevailing market interest rate at time of sale.
• C) The bond's stated interest rate is more than the prevailing market interest rate at time of sale.
• D) The bond is not secured by specific assets of the issuer.

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