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Requirement 2. If the market interest rate is 8% when ECU issues its bonds, will the bonds be priced at face value, at a premium,
Requirement 2. If the market interest rate is 8% when ECU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain The 6% bonds issued when the market interest rate is 8% will be priced at in this market, so investors will pay They are to acquire them.
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