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ACCT 210 Fall 2014 MAI 34. A company issued $500,000 of bonds for $498,351. Interest is paid semiannually. The bond markets and the financial press
ACCT 210 Fall 2014 MAI 34. A company issued $500,000 of bonds for $498,351. Interest is paid semiannually. The bond markets and the financial press are likely to report that the bonds issued at a. 498.35. b. 100.00 c. 99.67 d. 49.84 35. Bonds sell at a premium when the a. issuing company has a better reputation than other companies in the same business. b. market rate of interest is less than the stated interest rate at the time of issue. c. yield rate of interest is more than the stated rate at the time of issue. d. issuing company agrees to repay the maturity before the due date. oven
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