A bond with a face value of $10,000 (and no coupon payments) is always worth
A) $10,000
B) less than $10,000 before the maturity date
C) more than $10,000 if the interest rate is high enough
D) $10,000 on the date of purchase
E) $9,090.91 two years before the maturity date
Correct Answer:
Verified
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