A bond with a stated interest rate of (91 / 2) percent is issued when the market
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A bond with a stated interest rate of \(91 / 2\) percent is issued when the market interest rate is \(93 / 4\) percent. This bond will sell at (p. 641)
a. Par value
c. A premium
b. A discount
d. A price minus accrued interest
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Related Book For 
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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