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Question 54 A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest
Question 54 A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 6%. These bonds will sell at a price tha O More than $500,000. O Less than $500,000. O Equal to $500,000. O The answer cannot be determined from the information provided.
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