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A company issues a $1,000,000, 9%, 10-year bond that pays interest semiannually. If the market rate is 7%, the bond will issue for: A) Premium
A company issues a $1,000,000, 9%, 10-year bond that pays interest semiannually. If the market rate is 7%, the bond will issue for:
| A) | Premium |
| B) | Discount |
| C) | Face amount |
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Management And Cost Accounting
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
3rd Edition
