Before it matures, the price of any bond is always less than its face value.

Name: Before it matures, the price of any bond is always less than its face value.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

This statement is false. The price of a bond can be higher or lower than its face value, depending on various factors such as interest rates, credit ratings, and market conditions. However, upon maturity, the bond's price will be equal to its face value.

Before It Matures, the Price of Any Bond Is Always