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A bond issue with a face amount of $800,000 bears interest at the rate of 4%. The current market rate of interest is 5%. These
A bond issue with a face amount of $800,000 bears interest at the rate of 4%. The current market rate of interest is 5%. These bonds will sell at a price that is:Select one or more:a. The answer cannot be determined from the information provided.b. Equal to $800,000.c. More than $800,000.d. Less than $800,000.
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