Question: A bond sells at a discount when the: Multiple Choice Contract rate is below the market rate. Contract rate is equal to the market rate.

A bond sells at a discount when the:
Multiple Choice
Contract rate is below the market rate.
Contract rate is equal to the market rate.
Bond pays interest only once a year.
Bond has a short-term life.
Contract rate is above the market rate.
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A bond sells at a discount when the: Multiple

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