If a bond was sold at $108, the stated rate of interest was: Equal to...

70.2K

Verified Solution

Question

Finance

If a bond was sold at $108, the stated rate of interest was:

Equal to market rate. Not related to market rate. Higher than market rate. Lower than market rate.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students