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26. A bond issue with a face amount of $5,000,000 bears interest at the stated rate of 10%. The current market rate of interest is
26. A bond issue with a face amount of $5,000,000 bears interest at the stated rate of 10%. The current market rate of interest is 119. These bonds will sell at a price that is: a. equal to 5 million b. less than 5 milion c. more than 5 million d. none of the above
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