Type of bond whose present value is lesser than that of its face value is classified as

Type of bond whose present value is lesser than that of its face value is classified as Correct Answer discount bond

Type of bond whose present value is lesser than that of its face value is classified as discount bond. A discount bond is a bond that is issued for less than its par or face value. Discount bonds may also be a bond currently trading for less than its face value in the secondary market.
Bissoy MCQ

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