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Homework answers / question archive / In the United States, companies often adjust the coupon rate on the day of issuance to equal the going market interest rate so that the bonds will sell for a price ___________
In the United States, companies often adjust the coupon rate on the day of issuance to equal the going market interest rate so that the bonds will sell for a price ___________.
equal to the par value since when yield to maturity = coupon rate
then bond price = par value