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If the market rate of interest is 7%, then the price of 6% bonds paying annual interest with a face value of $500,000 will be:

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If the market rate of interest is 7%, then the price of 6% bonds paying annual interest with a face value of $500,000 will be: Equal to $500,000 Greater than or less than $500,000, depending on the maturity date of the bonds Greater than $500,000 Less than $500,000

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