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Business, 03.08.2021 15:20 tsbrunson13

A bond issue with a face amount of $490,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is: Multiple Choice More than $490,000. Equal to $490,000. Less than $490,000. The answer cannot be determined from the information provided.

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A bond issue with a face amount of $490,000 bears interest at the rate of 7%. The current market rat...
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