Question: If the company issues a $ 1 0 0 , 0 0 0 , 1 0 % , 1 0 - year bond, that pays

If the company issues a $100,000,10%,10-year bond, that pays interest semi-annually when market interest rate is 12%, the bond would sell at an amount
Select answer from the options below
less than face value.
that cannot be determined based on the information given.
greater than face value.
equal to face value.

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