ESSENTIALS OF ECONOMICS
4th Edition
ISBN: 9781464188466
Author: KRUGMAN
Publisher: Norton, W. W. & Company, Inc.
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Chapter P8, Problem 2.3BC
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.
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