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A $513,000 bond issue sold for $486,000. Therefore, the bonds: 7 Multiple Choice 8 00:22:04 Print Sold at a discount because the stated interest rate
A $513,000 bond issue sold for $486,000. Therefore, the bonds: 7 Multiple Choice 8 00:22:04 Print Sold at a discount because the stated interest rate was higher than the market rate. Sold for the $513,000 face amount less $27,000 of accrued interest. Sold at a premium because the stated interest rate was higher than the market rate. Sold at a discount because the market interest rate was higher than the stated rate
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