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Generic Corporation issued $100,000, 5-year bonds with a stated interest rate (coupon rate) of 8%. On the day of issuance, the market interest rate is

Generic Corporation issued $100,000, 5-year bonds with a stated interest rate (coupon rate) of 8%. On the day of issuance, the market interest rate is 6%. As a result, the company:

a.

received exactly $100,000.

b.

received more than $100,000.

c.

will pay the bondholders $100,000 per year for 5 years.

d.

received less than $100,00

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