The market rate of interest for a bond issue which sells for more than its face value

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The market rate of interest for a bond issue which sells for more than its face value is

Less than the interest rate stated on the bond.

Independent of the interest rate stated on the bonds.

Higher than the interest rate stated on the bond.

Related Book For answer-question

Survey of Accounting

ISBN: 978-0078110856

3rd Edition

Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor-Yi

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Posted Date: Feb 07, 2019 11:34 AM

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The market rate of interest for a bond issue which sells for more than its face value

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Survey of Accounting

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