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A 65,000 bond issue with a stated interest rate of 12%, when the market rate of interest is 7%, means that the bond will sell
A 65,000 bond issue with a stated interest rate of 12%, when the market rate of interest is 7%, means that the bond will sell for:
A. more than 65000
B. less than 65000
C. 45500
D. 65000
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