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A bond issue with a face amount of $500k bears interest at the rate of 6%. The current market rate of interest is 7%. These
A bond issue with a face amount of $500k bears interest at the rate of 6%. The current market rate of interest is 7%. These bonds will sell at a price that is:
A. Cant be determined
B. Less than $500k
C. More than $500k.
D. Equal to $500k.
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Audit Analytics In The Financial Industry
Authors: Jun Dai
3rd Edition
1787430863, 9781787430860
