Question: A $ 3 5 comma 0 0 0 $ 3 5 , 0 0 0 bond issue with a stated interest rate of 5 5

A
$ 35 comma 000$35,000
bond issue with a stated interest rate of
55%,
when the market rate of interest is
77%,
means that the bond will sell for:
Question content area bottom
Part 1
A.$ 35 comma 000
$ 35 comma 000$35,000
B.
less than
$ 35 comma 000$35,000.
C.$ 45 comma 000
$ 45 comma 000$45,000
D.
more than
$ 35 comma 000$35,000.

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