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ASU BIO201 Human Anatomy Physiology I Exam 1 Practice

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A company issues $100,000 of 8%, 10-year bonds when the market interest rate is 10%. The bonds will issue at:
Correct Answer:
A discount
Explanation:
Because the stated interest rate (8%) is lower than the market rate (10%), the bonds are less attractive and must be sold at a discount to yield the market rate.

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