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    Financial Accounting Study Set 5
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    Exam 11: Long-Term Liabilities
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    If the Market Interest Rate Is Higher Than the Face
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If the Market Interest Rate Is Higher Than the Face

Question 138

Question 138

Multiple Choice

If the market interest rate is higher than the face interest rate at the date of issuance,bonds will


A) not sell until the face interest rate is adjusted.
B) sell at face value.
C) sell at a discount.
D) sell at a premium.

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