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A bond issue with a face amount of $496,000 bears interest at the rate of 10%. The current market rate of interest is also 10%.
A bond issue with a face amount of $496,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is: Multiple Choice More than $496,000. The answer cannot be determined from the information provided. Less than $496,000. Equal to $496,000
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Marketing An Introduction
Authors: Gary Armstrong, Philip Kotler
13th edition
978-0134149530
