On the record
This was proven to be an error within a short period, for securities of the United States bearing three per cent. interest have been sold at par.
Source
gutenberg.orgJohn Sherman: “This was proven to be an error within a short period, for securities of the United States bearing three per cent.…”
Editor's note · Context
Sherman points out that contrary to earlier beliefs, U.S. securities with lower interest rates were successfully sold at par.
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