A bond issue with a face amount of $507,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is: More than $507,000. Equal to...

A bond issue with a face amount of $507,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is:

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  More than $507,000.

  
  
  
  


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  Equal to $507,000.

  
  
  
  


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  The answer cannot be determined from the information provided.

  
  
  
  


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  Less than $507,000.