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Which of the following statements is true when 10-year, 6% bonds with a par value of $20,000,00 are issued, and the market interest rate is

Which of the following statements is true when 10-year, 6% bonds with a par value of $20,000,00 are issued, and the market interest rate is 8%? The bonds are issued on April 1, 2013 and interest is paid annuallv on March 30.

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