When prevailing market rates decline over the time an investor owns a bond, there is often an opportunity to receive a capital gain on the sale of the bond. True False

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
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When prevailing market rates decline over the time an investor owns a bond, there is often
an opportunity to receive a capital gain on the sale of the bond.
True
False
Transcribed Image Text:When prevailing market rates decline over the time an investor owns a bond, there is often an opportunity to receive a capital gain on the sale of the bond. True False
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