If the bond's stated rate of interest is greater than the market rate of interest,the bond will be issued at:

Question

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If the bond's stated rate of interest is greater than the market rate of interest, it means that the bond is more attractive to investors than other bonds available at the same time. This, in turn, means that the demand for the bond will be high, and its price will increase. As a result, the bond will be issued at a premium, which is the amount by which its price exceeds its face or par value.

If the Bond's Stated Rate of Interest Is Greater Than