Business, 15.04.2020 04:19 arguellesjavier15

If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be .

a. less than $500,000
b. equal to $500,000
c. greater than or less than $500,000, depending on the maturity date of the bonds
d. greater than $500,000

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If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face...

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