Requirea information [The following information applies to the questions displayed below.] 5 Alexi Co. Issued $270 million face amount of 7%, 10-year bonds on June 1, 2019. The bonds pay Interest on an annual basis on May 31 each year. Part 1 of 4 Required: a. Assume that the market Interest rates were slightly higher than 7% when the bonds were sold. Would the proceeds from the bond issue have been more than, less than or equal to the face amount? 01:55:40 eBook Multiple Choice The bonds will sell for less than their face amount. O The bonds will sell for more than their face amount. The bonds will sell for equal to their face amount. O Activate Windows