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QUESTION 12 The town of Cumberland is going to to issue $10,000 bonds with a...

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QUESTION 12 The town of Cumberland is going to to issue $10,000 bonds with a stated interest rate of 4% and a maturity date of July 15, 2021 Interest rates rise in the economy so that similar financial investments pay 6%. Cumberland will O have to reprint the bond certificates to change the stated interest rate to 6%. O not be able to issue the bonds because no one will buy them O have to accept a lower issue price to attract buyers. O receive a higher issue price to compensate buyers for the lower stated interest rate

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