Question: 9 When a bond sells at a premilum: 0 2 4 7 . 5 3 Multiple Choice The cortract rate is above the market rate.
When a bond sells at a premilum:
Multiple Choice
The cortract rate is above the market rate.
The contract rate is below the maket rate.
The bond pays no irterest.
It means that the bond is a zerocoupon bond.
The contract rate is equal to the market rate.
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