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7. Receivables and Investments

7. Receivables and Investments / Held-to-Maturity (HTM) Securities / Problem 13

Problem 13

A bond with a stated rate of 7% is being sold in a market where the market rate is 5%. At what price will the bond likely be sold?

A

At a discount

B

At face value

C

At a loss

D

At a premium