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If the market rate of interest is 15% and the stated rate of the bond is 16%, the bond issuer would (1) the issue price
If the market rate of interest is 15% and the stated rate of the bond is 16%, the bond issuer would (1) the issue price of the bond and we say that the bond was issued at a (2) (1) lower; (2) premium (1) lower; (2) discount O (1) raise; (2) discount O (1) raise; (2) premium
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