Question: A bond Issue with a face amount of ( $ 4 9 8 , 0 0 0 ) bears Interest at the

A bond Issue with a face amount of \(\$ 498,000\) bears Interest at the rate of \(10\%\). The current market rate of interest is also \(10\%\). These bonds will sell at a price that is:
Multiple Choice
Less than \$498,000.
Equal to \$498,000.
More than \$498,000.
The answer cannot be determined from the information provided.
A bond Issue with a face amount of \ ( \ $ 4 9 8

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