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TB MC Qu. 14-47 (Algo) A bond issue with a face amount... A bond issue with a face amount of $900,000 bears interest at the

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TB MC Qu. 14-47 (Algo) A bond issue with a face amount... A bond issue with a face amount of $900,000 bears interest at the rate of 6%. The current market rate of interest is 8%. These bonds will sell at a price that is: Multiple Choice Less than $900,000. The answer cannot be determined from the information provided. More than $900,000. Equal to $900,000

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