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Crops Inc. is about to issue ordinary bonds for financing new projects. The management has agreed to launch the bond at a contractual interest rate

Crops Inc. is about to issue ordinary bonds for financing new projects. The management has agreed to launch the bond at a contractual interest rate of 7%. The Market Interest rate is 8%. Accordingly the bonds will be issued:

	a.	None of the above
	b.	At their face value
	c.	At premium
	d.	At discount

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