leeyah47071 leeyah47071

11-01-2024
Business

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If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $100,000 will be:

a. greater than $100,000
b. equal to $100,000
c. greater than or less than $100,000 depending on the maturity date of the bonds
d. less than $100,000

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