If the market rate of interest is 10%, a $15000, 11%, 10-year bond that pays interest annually would sell at an amount that cannot be determined. equal to face value. less than face value. greater than face value.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If the market rate of interest is 10%, a $15000, 11%, 10-year bond that pays interest annually would sell at an amount

that cannot be determined.

equal to face value.

less than face value.

greater than face value.

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