When a corporate bond is issued sold the selling price, Microeconomics

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When a corporate bond is issued sold the selling price

When a corporate bond is issued (sold) the selling price might be : a] equal to the face value of the bond; b] greater than the face value; or c] less than the face value. What economic relationship is responsible for each of these scenarios and how would you explain each one?

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Microeconomics: When a corporate bond is issued sold the selling price

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