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A bond issue with a face amount of $493,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These
A bond issue with a face amount of $493,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
