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A bond issue with a face amount of $508,000 bears interest at the rate of 10%. The current market rate of interest is also 10%.
A bond issue with a face amount of $508,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is Multiple Choice The answer cannot be determined from the information provided Equal to $508,000 Less than $500.000 More than $508,000
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