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Patey Pontoons issued bonds on January 1,2022 with a face amount of $1,000,000 and a contract interest at the rate of 9%. The current market

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Patey Pontoons issued bonds on January 1,2022 with a face amount of $1,000,000 and a contract interest at the rate of 9%. The current market rate of interest is 11%. These bonds will sell at a price that is: Multiple Choice Equal to $1,000,000 O The answer cannot be determined from the information provided. More than $1,000,000. Less than $1,000,000. O

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