google-site-verification=cwgbM7w6apNbt6frjcU5wXkhZKkY0WDgQmFrgBCzT4c If the market rate of interest is greater than the contract rate of interest,

If the market rate of interest is greater than the contract rate of interest,

by

If the market rate of interest is greater than the contract rate of interest,

a. the bonds will sell for their face amount.

b. the bonds will sell for less than their face amount.

c. the bonds will sell for more than their face amount.

d. None of these choices are correct.

b. the bonds will sell for less than their face amount. Correct. If the market rate of interest is greater than the contract rate of interest, the bonds will sell for less than their face amount.

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