If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be
a) greater than $500,000
b) greater than or less than $500,000, depending on the maturity date of the bonds
c) less than $500,000
d) equal to $500,000
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If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face...
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