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Suppose the market rate for a company's bonds it 12%, and the company issues bonds with a coupon rate of 8%. Which of the following

Suppose the market rate for a company's bonds it 12%, and the company issues bonds with a coupon rate of 8%. Which of the following is true?

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The proceeds from the bond issuance will equal the face value of the bond

The bonds will be issued at a premium

The bonds will be issued at a discount

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