At the time of issue of 4.50% coupon bonds, the effective interest rate was 5.00%. The bonds
Question:
At the time of issue of 4.50% coupon bonds, the effective interest rate was 5.00%. The bonds were most likely issued at:
A. par.
B. a discount.
C. a premium.
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B a discount A bonds coupon rate is the rate of interest that the bond issuer will pay to th...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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