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A $10,000 bond issued with a stated interest rate of 7%, when the market rate of interest is 8% means that the bond will be

A $10,000 bond issued with a stated interest rate of 7%, when the market rate of interest is 8% means that the bond will be sold for

a. more than $10,000

b. $10,000

c. the maturity value

d. less than $10,000

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