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A bond issue with a face amount of $1100.000 bears interest at the rate of 10%. The current market rate of interest is 12%. These

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A bond issue with a face amount of $1100.000 bears interest at the rate of 10%. The current market rate of interest is 12%. These bonds will se ta price that is: Multiple Choice More than 51,100,000 The answer cannot be determined from the information provided Equal to $1,100,000 Less than $1,100,000

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