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Blueberry Inc. issued bonds with a face value of $100,000, a rate of 7%, and a 10 -year term for $103,000. From this information, determine

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Blueberry Inc. issued bonds with a face value of $100,000, a rate of 7%, and a 10 -year term for $103,000. From this information, determine if the market rate of interest is more than, less than, or equal to the bond contractual (stated) rate. Less than 7% Equal to 1.3% Equal to 7% More than 7%

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