A company has a 8% 10 year bonds payable that mature on June 30 2028. The bonds
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Question:
A company has a 8% 10 year bonds payable that mature on June 30 2028. The bonds are issued on June 30 2018 and the company pays interest each June 30 and December 31.
If the market rate is at 6% what would the bonds be issued at? Premium, Discount or face value. And what about 9%?
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