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A bond issue with a face amount of $800.000 bears interest at the rate of 9%. The current market rate of interest is 11%. These

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A bond issue with a face amount of $800.000 bears interest at the rate of 9%. The current market rate of interest is 11%. These bonds will sell at a price that is: Multiple Choice More than $800,000 Equal to $800,000 Less than $800,000 The answer cannot be determined from the information provided

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