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A bond issue with a face amount of $700,000 bears interest at the rate of 10%. The current market rate of interest is 11%. These

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A bond issue with a face amount of $700,000 bears interest at the rate of 10%. The current market rate of interest is 11%. These bonds will sell at a price that is Multiple Choice The answer cannot be determined from the information provided More than $700.000 Less than $700,000 Equal to $700.000

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