A $30,000 Bond Issue with a Stated Interest Rate of 5

question 97

Multiple Choice

A $30,000 bond issue with a stated interest rate of 5%, when the market rate of interest is 6%, means that the bond will sell for:

• A)$30,000
• B)more than $30,000.
• C)less than $30,000.
• D)$40,000

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