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Tutorial   12176

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 or le...

Question:

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 or less than $100,000, depending on the maturity date of the bonds b)    Less than $100,000 c)    Equal to $100,000 d)    Greater than $100,000

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