MACROECONOMICS(LL)W/SAPLING
5th Edition
ISBN: 9781319198404
Author: KRUGMAN
Publisher: MAC HIGHER
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Question
Chapter 14, Problem 3QFT
To determine
Concept Introduction:
Face Value:
It is the value which the issuer of the security provides to the holder of the security at the time of maturity. The face value is not the actual market value it is less than the actual value.
To explain:
The reason for cash never sold at discount.
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