The market price of outstanding issues often varies from par because
A. the maturity date has changed.
B. the coupon rate has changed.
C. the market rate of interest has changed.
D. old bonds sell for less than new bonds.
Answer:C
The market price of outstanding issues often varies from par because
A. the maturity date has changed. B. the coupon rate has changed. C. the market rate of interest has changed. D. old bonds sell for less than new bonds.