49. A company issues bonds with an 8% contract interest rate…
49. A company issues bonds with an 8% contract interest rate. Similar bonds currently offer investors a 10% market interest rate. How will the bonds sell? 1. At a discount 2. At a premium 3. At face amount 4. Only after the contract rate is increased Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.