Question: A bond issue with a face amount of $508,000 bears interest at the rate of 10%. The current market rate of interest is also 10%.

A bond issue with a face amount of $508,000 bears interest

A bond issue with a face amount of $508,000 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 Equal to $508,000 Less than $500.000 More than $508,000

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