Question: The amount recelved for a $ 1 0 , 0 0 0 , 5 - year bond, will be less than $ 1 0 ,
The amount recelved for a $year bond, will be less than $ if the
tontractual rate of interest is equal to the market rate of interest.
contractual rate of interent is greater than the market rate of interest.
contractual rate of interest is less than the mwiet rate if fint crest.
bond is convertible.
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