A bond with a face value of $1,000 that sells for less than $1,000 in the market is called a ________ bond.
A)par
B)discount
C)premium
D)zero coupon
E)floating rate

Name: A bond with a face value of $1,000 that sells for less than $1,000 in the market is called a ________ bond. A)par B)discount C)premium D)zero coupon E)floating rate
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Question

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A bond that sells for less than its face value is called a discount bond.

A Bond with a Face Value of $1,000 That Sells