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You are selling $10,000 of 5-year, 8% Bonds with interest payable semi-annually. The market rate of interest for this type of bond if 6.5%. 1)
You are selling $10,000 of 5-year, 8% Bonds with interest payable semi-annually. The market rate of interest for this type of bond if 6.5%. 1) Will the selling price of the bonds be more than, equal to, or less than $10,000? 2) Why
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