Procter and Gambles 8% bonds due in 2024 were reported as selling for 126.987. Were the bonds

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Procter and Gamble’s 8% bonds due in 2024 were reported as selling for 126.987. Were the bonds selling at a premium or at a discount? Explain.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Dec 11, 2011 05:17 AM

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Procter and Gambles 8% bonds due in 2024 were reported as selling for 126.987. Were the bonds

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The bonds were selling at a premium This is indicated b...View the full answer

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