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If the market interest rate is 5%, a $10,000, 6%, 10-year bond, that pays interest annually would sell at an amount greater than face value.
If the market interest rate is 5%, a $10,000, 6%, 10-year bond, that pays interest annually would sell at an amount
greater than face value.
that cannot be determined.
equal to face value.
less than face value.
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