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For a bond issue that sells for more than its face value, the effective rate of interest is Higher than the stated rate on the

For a bond issue that sells for more than its face value, the effective rate of interest is Higher than the stated rate on the bond. It depends on the rate stated on the bond. Equal to the stated rate on the bond. Lower than the stated rate on the bond. b. d.
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For a bond issue that sells for more than its face value, the effective rate of interest is a. Higher than the stated rate on the bond. b. It depends on the rate stated on the bond. c. Equal to the stated rate on the bond. d. Lower than the stated rate on the bond

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