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A bond issue with a face amount of $700,000 bears interest at the rate of 6%. The current market rate of interest is 7%.
A bond issue with a face amount of $700,000 bears interest at the rate of 6%. The current market rate of interest is 7%. These bonds will sell at a price that is: Multiple Choice Equal to $700,000. More than $700,000. Less than $700,000. The answer cannot be determined from the information provided.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
