A bond issue with a face amount of $500,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is: Multiple Choice The answer cannot be determined from the information provided. Equal to $500,000. More than $500,000. Less than $500,000.
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A bond issue with a face amount of $500,000 bears interest at the rate of 10%. The current market ra...
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