CVS Caremark Corp. (CVS) 5.3% bonds due in 2043, sold for 113.04. Were the bonds selling at

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CVS Caremark Corp. (CVS) 5.3% bonds due in 2043, sold for 113.04. Were the bonds selling at a premium or at a discount? Explain.

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:29 AM

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CVS Caremark Corp. (CVS) 5.3% bonds due in 2043, sold for 113.04. Were the bonds selling at

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The bonds sold at a premium This is indicated by the s...View the full answer

Survey of Accounting

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