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xyz issues a bond on january 1, 2015 with a face value of $1000, a maturity date of one year, and a stated or contract

xyz issues a bond on january 1, 2015 with a face value of $1000, a maturity date of one year, and a stated or contract interest rate of 8% per year, at a time when the market interest rate is 7%. Potential investors will bid the bond price to

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