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If a bond has a contractual interest rate of 7%, and current market interest rates are 5%, the bond will be sold at: A discount

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If a bond has a contractual interest rate of 7%, and current market interest rates are 5%, the bond will be sold at: A discount A premium Face value There is not enough information provided to determine the impact on selling price Question 12 (1 point) All of the following are non-current liabilities except: Bonds payable Instalment notes payable Capital lease liabilities All of these options are not current liabilities

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