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Unformatted text preview: junk bonds. Bonds will sell at a premium when the effective rate is is above the stated rate. The contractual conditions of specific bond issues vary. Therefore, it becomes important to understand exactly what is meant by the terminology used to describe a bond agreement. Every sentence in the following narrative contains a misstatement. Mark up and correct the narrative. The blank worksheet can be used to facilitiate your answering this question....
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- Spring '11