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    Accounting Study Set 4
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    Exam 14: Long-Term Liabilities: Bonds and Notes
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    When the Market Rate of Interest on Bonds Is Higher
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When the Market Rate of Interest on Bonds Is Higher

Question 55

Question 55

Multiple Choice

When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at


A) a premium
B) their face value
C) their maturity value
D) a discount

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