Question
A bond traded % means that a) The bond pays % interest b) The bond trades at 97.5% of per value c) The market rate
A bond traded 
% means that
a) The bond pays 
% interest
b) The bond trades at 97.5% of per value
c) The market rate of interest is below the contract rate of interest for the bond
d) The bonds can be retired at $975 each
e) The bond's interest rate is 
%
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel G. Short
3rd Edition
0072458836, 978-0072458831
