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A bond is issued with a face amount of $500,000 and a stated interest rate of 10%. The current market rate of Interest is 8%.
A bond is issued with a face amount of $500,000 and a stated interest rate of 10%. The current market rate of Interest is 8%. These bonds will sell at a price that is: Multiple Choice O More than $500,000. Less than $500,000 Equal to $500,000 O The answer cannot be determined from the information provided
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