A bond is issued with a face amount of $500,000 and a stated interest rate...
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Accounting
A bond is issued with a face amount of $500,000 and a stated interest rate of 10%. The current market rate of interest is 8%. These bonds will sell at a price that is: 1:49:00 Multiple Choice Equal to $500,000 O Less than $500,000 More than $500,000. o. The answer cannot be determined from the information provided
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