question archive A bond issue with a face amount of $1,100,000 bears interest at the rate of 8%
A bond issue with a face amount of $1,100,000 bears interest at the rate of 8%
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A bond issue with a face amount of $1,100,000 bears interest at the rate of 8%. The current market rate of interest is 10%. These bonds will sell at a price that
Multiple Choice
Equal to $100,000
More than $100,000
The answer cannot be determined from the information provided.
Less than $1,100,000
Option 1
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Option 2
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