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Gaspar Company is issuing $1,000,000 in bonds. The terms of the Indenture Contract are: Face Value; $1,000,000 Face (Par) Interest Rate: 5% Term: 20
Gaspar Company is issuing $1,000,000 in bonds. The terms of the Indenture Contract are: Face Value; $1,000,000 Face (Par) Interest Rate: 5% Term: 20 Years, semiannual payments (2 per year), payabale on June 30 and December If the Market Interest Rate Increases to 6%, then... Oa. The Bonds will sell at $1,000,000 Ob. The Bonds will sell at a PREMIUM Oc. The Bonds will sell at a DISCOUNT Od. Not enough information is provided to determine an answer
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