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A bond issue with a face amount of $900,000 bears interest at the rate of 8%. The current market rate of interest is 9%.
A bond issue with a face amount of $900,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These bonds will sell at a price that is: Multiple Choice Less than $900,000 More than $900,000. The answer cannot be determined from the information provided. Equal to $900.000
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
