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1 year ago

When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at a(n)?

1 answer:

7 0

When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at Discount

Discount = Contract rate is less than the market rate.

What is meaning of discount and its types?

When a reduction in the amount is allowed in order to encourage more purchase or to have an on time payment is referred to as discount. Discount are classified as: Trade discount: The discount which is allowed when purchases are made in large quantity is known as trade discount.

Contract rate:

The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond. In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.

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