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A bond issue with a face amount of $ 5 0 0 , 0 0 0 bears interest at the rate of 1 0 %

A bond issue with a face amount of $500,000 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
Equal to $500,000.
More than $500,000.
Less than $500,000.
The answer cannot be determined from the information provided.
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