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3 points A $500,000 bond issue sold for $490,000. Therefore, the bonds: Sold at a discount because the market interest rate was higher than the

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3 points A $500,000 bond issue sold for $490,000. Therefore, the bonds: Sold at a discount because the market interest rate was higher than the stated rate. Sold at a premium because the stated interest rate was higher than the market rate. Sold at a discount because the stated interest rate was higher than the market rate. Sold for the $500,000 face amount less $10,000 of accrued interest

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