Business, 31.12.2019 02:31, arpolin15

If the market rate of interest is 8%, a $50,000, 7%, 20-year bond that pays interest semiannually would sell at an amount

a. less than face value

b. equal to the face value

c. greater than face value

d. that cannot be determined

Answers: 1

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If the market rate of interest is 8%, a $50,000, 7%, 20-year bond that pays interest semiannually wo...