When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at

a. a premium
b. their face value
c. their maturity value
d. a discount

d

Business

You might also like to view...

Research undertaken by Geert Hofstede found that a country's culture has a major effect on employees' work-related ________

A) policies and procedures B) leadership and personality C) power and politics D) centralizing and decentralizing abilities E) values and attitudes

Business

Users of social networking sites need to remember that ________ is a myth and should avoid sharing sensitive information and inappropriate content

Fill in the blank(s) with correct word

Business