Business, 26.03.2020 02:59 restinpeicejahseh
A corporation has issued 8% AA rated sinking fund debentures at par. Three years later, similar issues are being offered in the primary market at 7%. Which are TRUE statements about the outstanding 8% issue?
(I) The current yield will be higher than the nominal yield
(II) The current yield will be lower than the nominal yield
(III) The dollar price of the bond will be at a premium to par
(IV) The dollar price of the bond will be at a discount to par
(A) I and III
(B) I and IV
(C) II and III
(D) II and IV
Answers: 3
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A corporation has issued 8% AA rated sinking fund debentures at par. Three years later, similar issu...
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