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MC Qu . 0 2 When a bond issue sells for... When a bond issue sells for less than its face value, the market rate

MC Qu

. 02

When a bond issue sells for...

When a bond issue sells for less than its face value, the market rate of interest is:

Multiple Choice

Higher than the stated rate of interest.

Less than the stated rate of interest.

Equal to the stated rate of interest.

Dependent on the stated rate of interest.

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