Question: g Enabled: Midterm Saved A bond issue with a face amount of $ 9 0 0 , 0 0 0 bears interest at the rate

g Enabled: Midterm
Saved
A bond issue with a face amount of $900,000 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
33
Equal to $900,000.
More than $900,000.
Less than $900,000
The answer cannot be determined from the information provided.
g Enabled: Midterm Saved A bond issue with a face

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