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1. The market rate of interest for a bond issue that sells for less than its face value is: a. Independent of the interest rate

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1. The market rate of interest for a bond issue that sells for less than its face value is: a. Independent of the interest rate stated on the bond. b, higher than the interest rate stated on the bond. c. equal to the interest rate stated on the bond. d. less than the interest rate stated on the bond

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