Question: When the contract interest rate ( also called coupon or stated rate ) on a particular bond issue is lower than market rate of interest

When the contract interest rate (also called "coupon" or "stated" rate) on a particular bond issue is lower than market rate of interest on similar bonds, the bond issue will sell at
a premium
its face value
its maturity value
a discount
When the contract interest rate (also called "coupon" or "stated" rate)

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