Multiple Choice
A $10,000 bond issue with a stated rate of interest of 7%, when the market rate of interest is 8%, means that the bond will be sold for:
A) $10,000.
B) $10,800.
C) less than $10,000.
D) the maturity value.
E) $10,700.
Correct Answer:
Verified
Correct Answer:
Verified
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