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A bond issue with a face amount of $499.000 bears interest at the rate of 7%. The current market rate of interest is 8%. These

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A bond issue with a face amount of $499.000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is Multiple Choice The answer cannot be determined from the information provided. Ecu o $499.000 Less than $499.000 More than $499.000

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