A client owns a $1,000 10-year bond. The coupon rate is 6%. The client acquired the bond three years ago at a discount. What is known about the interest rates three years ago? A. The stated rate was less than 6%. B. The stated rate was more than 6%. C. The market rate was less than 6%. D. The market rate was more than 6%

Answer rating: 100% (QA)

The detailed answer for the above question is provided below A bond is a borrowing agreement in whic... View the full answer