Business, 10.01.2020 06:31, skyleezarain487

Abond issue with a face amount of $400,000 bears interest at the rate of 7%. the current market rate of interest is 9%. these bonds will sell at a price that is:
a) more than $400,000.
b) equal to $400,000.
c) less than $400,000.
d) the answer cannot be determined from the information provided.

Answers: 2

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Abond issue with a face amount of $400,000 bears interest at the rate of 7%. the current market rate...