a bond issue with a face amount of $500,000 bears interest at the rate of 8%...

A bond issue with a face amount of $500,000 bears interest at the rate of 8%. The current market rate of interest is 10%. These bonds will sell at a price that is: Multiple Choice More than $500,000 Less than $500,000 O The answer cannot be determined from the information provided. Equal to $500,000