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If the market rate of interest is 8%, the price of 6% bonds paying interst semiannually with a face valueof $100,000 will be

a. equal to $100,000
b. greater than $100,000
c. less than $100,000
d. greater than or less than $100,000, depending on the maturity date of the bonds
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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. equal to $100,000
b. greater than $100,000
c. less than $100,000
d....