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10 A bond issue with a to cc amount of $504,000 bears interest at the rate of 7%. The current market rate of interest is

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A bond issue with a to cc amount of $504,000 bears interest at the rate of 7%. The current market rate of interest is 6%. These bonds will set at price that is: Less than $504,000 The answer cannot be determined from the information provided. More than $504,000. Equal to $504,000

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