Question: 21) Debentures are issued at par when: Select one: a.Coupon rate of interest is less than market rate of interest b.Coupon rate of interest is

21) Debentures are issued at par when:

Select one:

a.Coupon rate of interest is less than market rate of interest

b.Coupon rate of interest is greater than market rate of interest

c.Coupon rate of interest is equal to market rate of interest

d.None of the choices is correct

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