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true or false 11. When the market rate of interest is higher than the contract rate of interest the bond will sell at a premium.
true or false
11. When the market rate of interest is higher than the contract rate of interest the bond will sell at a premium.
12. Bonds are always issued at face value.
13. Installment notes require equal cash payments that include principal and interest to the lender at regular intervals.
14. A line of credit enables a company to borrow or repay funds as needed.
15. A business must carefully weigh the benefits and drawbacks of debt vs. ownership financing.
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