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A bond issue with a face amount of $1,000,000 bears interest at the rate of 6%. The current market rate of interest is 8%.

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A bond issue with a face amount of $1,000,000 bears interest at the rate of 6%. The current market rate of interest is 8%. These bonds will sell at a price that is: Multiple Choice Equal to $1,000,000. More than $1,000,000. Less than $1,000,000 The answer cannot be determined from the information provided

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