Question
If the market rate of interest is equal to the contract rate of interest, the bonds will sell for a. more than their face amount.
If the market rate of interest is equal to the contract rate of interest, the bonds will sell for a. more than their face amount. b. less than their face amount. c. their face amount. d. None of these choices are correct.
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
