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    Financial Accounting Study Set 11
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    Exam 14: Time Value of Money
  5. Question
    When the Market Interest Rate Is Equal to the Face
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When the Market Interest Rate Is Equal to the Face

Question 14

Question 14

True/False

When the market interest rate is equal to the face interest rate on bonds,the present value of the bonds will be less than the bond's face value at the date of sale of the bonds.

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