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If the market rate of interest is 8%, the price of 6% bonds paying interest...

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Question

Accounting

If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $100,000 will be

a.

Greater than $100,000
b.

Greater than or less than $100,000, depending on the maturity date of the bonds
c.

Less than $100,000
d.

Equal to $100,000

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