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* If the market rate of interest is lower than the contractual rate of interest, then the bond would sell at an amount greater than

* If the market rate of interest is lower than the contractual rate of interest, then the bond would sell at an amount greater than face value. If the company issues a $100,000, 10%, 10-year bond, that pays interest semi-annually when market interest rate is 12%, the bond would sell at an amount that cannot be determined based on the information given. greater than face value. equal to face value. less than face value.

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