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A bond issue with a foce amount of $494,000 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 foce amount of $494,000 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 The answer cannot be determined from the Information provided Equal to 5494,000 Less than 5494000 More than 4000

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