Question: When bonds are sold for less than the face amount, this means that the: a. face rate of interest is less than the market rate

When bonds are sold for less than the face amount, this means that the: 

a. face rate of interest is less than the market rate of interest. 

b. maturity value will be less than the face amount. 

c. bonds are sold at a premium. 

d. maturity value will be greater than the face amount.


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