If the market rate is 12% and a $40,000, 5-year bond that pays interest semi-annually sells at an amount more than its face value, the contractual rate of interest would most likely be O 8%. O 10%. O 14%. O 12%.

If the market rate is 12% and a $40,000,5-year bond that pays interest semi-annually sells at an amount more than its face value, the contractual rate of interest would most likely be 8%. 10%. 14%. 12%