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3 4.5 p Emily Enterprises issued bonds with a face value of $500,000 and stated rate of interest of 4% at 98 . Evaluate the
3 4.5 p Emily Enterprises issued bonds with a face value of $500,000 and stated rate of interest of 4% at 98 . Evaluate the following statements: Eminli issued these bonds at a premium. At the time of issuance, the market rate of interest was less than 4%. At maturity, Eminli will give investors $520,000. Only Statement #2 is true Both Statement #2 and #3 are true Both Statement #1 and #2 are true Only Statement #1 is true All of the Statements are false Both Statement #1 and #3 are true Only Statement #3 is true All of the Statements are true
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