Which of the following statements is correct?
A. Bonds are always issued (sold) at their par value.
B. Bonds issued at more than par value are said to be issued at a discount.
C. Once bonds are issued, the bonds will trade in the bond market at-, above-, or below par value depending on changes in interest rates.
D. Bondholders must hold their bonds to maturity to receive cash for their investment.
Ans: C. Once bonds are issued, the bonds will trade in the bond market at-, above-, or below par value depending on changes in interest rates.
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