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A bond issue with a face amount of $1,100,000 bears interest at the rate of 8%. The current market rate of interest is 10%. These
A bond issue with a face amount of $1,100,000 bears interest at the rate of 8%. The current market rate of interest is 10%. These bonds will sell at a price that Multiple Choice Equal to $100,000 O O More than $100,000 o O The answer cannot be determined from the information provided. Less than $1,100,000
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