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A bond issue with a face amount of $505,000 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 $505,000 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 Equal to $505,000. The answer cannot be determined from the information provided. More than $505,000. Less than $505,000

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