Old Exam Packet – Acct 284 - Iowa State University

13. If the market rate of interest is 6%, a $10,000, 10-year bond with a stated annual interest rate of 8% would issue at an amount: A. less than face value. B. equal to the face value. C. greater than face value. D. that cannot be determined. 14. On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest ... ................
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