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Java and Julce Corp, Bsued 5% bonds with a face value of 5900,000 and a quote price of 95 . Select two answers to answer
Java and Julce Corp, Bsued 5% bonds with a face value of 5900,000 and a quote price of 95 . Select two answers to answer the following questions: (1) How much cash was recelved when the bond was issued? and (2) What was the bond issued at 95 ? A. $945,000 B. $864,000 C. The market rate of interest was less than 5 percent. D. The market rate of Interest was more than the stated contrectual rate of interest
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