Question: TB MC Qu . 9 - 9 8 ( Algo ) A bond issue with a face amount... A bond issue with a face amount

TB MC Qu.9-98(Algo) A bond issue with a face amount...
A bond issue with a face amount of $506,000 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
The answer cannot be determined from the information provided.
Less than $506,000.
Equal to $506,000.
More than $506,000.
TB MC Qu . 9 - 9 8 ( Algo ) A bond issue with a

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