accountInc questions

Downing Company issues $4,000,000, 6%, 5-year bonds dated January 1, 2014 on January 1, 2014. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What is the price of the bonds? Reich. Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue. If the bonds were issued at a premium, this indicates that the effective yield or market rate of interest exceeded the stated (nominal) rate. the stated (nominal) rate of interest exceeded the effective yield or market rate. the market and nominal rates coincided. no necessary relationship exists between the two rates