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Daniels' bonds payable carry a stated interest rate of 5 % , and the market rate of interest is 7 % . The issue price

Daniels' bonds payable carry a stated interest rate of

5 %,

and the market rate of interest is

7 % .

The issue price of the Daniels' bonds will be at

.

par value.

.

a premium.

.

a discount.

.

face value.

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