Skylar Corporation issued $50,000,000 of its 10% bonds at face value on January 1, 2022....
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Skylar Corporation issued $50,000,000 of its 10% bonds at face value on January 1, 2022. On December 31, 2022 the bonds were trading on the bond exchange at 102.5. Since the issue date, what has happened to the market rate of interest? Group of answer choices The market rate has increased. The market rate decreased. The market rate has stayed the same. The change in the market rate cannoe be determined
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