Bonds with a face amount of $500,000 have a stated interest rate of 7%. The...
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Accounting
Bonds with a face amount of $500,000 have a stated interest rate of 7%. The current market rate of interest is 8%. These bonds will sell (issue) at a price that is: Equal to $500,000 O More than $500,000 Less than $500,000. The answer cannot be determined from the information provided
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