Question
A bond traded at 112 means that: The bonds were retired at $1,125 each. The market rate of interest is 12.5%. The bond traded at
A bond traded at 112 means that:
The bonds were retired at $1,125 each.
The market rate of interest is 12.5%.
The bond traded at $1,125 per $1,000 bond.
The bond pays 12.5% interest.
The market rate of interest is 12 % above the contract rate
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
