If a bond's value rises above its face value during its life, interest rates have

Name: If a bond's value rises above its face value during its life, interest rates have
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When a bond's value rises above its face value, it typically means that interest rates have decreased since the bond was issued. This is because the fixed interest payments of the bond become more attractive relative to new bonds issued at the lower current interest rates, driving up the price of the existing bond.

If a Bond's Value Rises Above Its Face Value During