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Type of bond whose present value is lesser than that of...

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

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Correct Answer: Option A
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.
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