We can expect the present value of a bond to exceed the par, Financial Management

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We can expect the present value of a bond to exceed the par

We can expect the present value of a bond to exceed the par value of the same bond when.

The current market interest rate on a comparable asset is equal to the coupon rate.

The current market interest rate on a comparable asset is greater than the coupon rate.

The current market interest rate on a comparable asset is less than the coupon rate.

WHICH ONE?

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