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Karen Kline works for Permier Press, a fairly large book publishing firm. Her best friend and rival, Mona, works for Copper Books, a smaller publisher.

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Karen Kline works for Permier Press, a fairly large book publishing firm. Her best friend and rival, Mona, works for Copper Books, a smaller publisher. Both companies issue $100,000 in bonds on July 1. Permier's bonds were issued at a discount, while Copper's were issued at a premium. Mona sent Karen a fax the next day. She told Karen that it was obvious who the better publisher was-the market had shown its preference! She reminded Karen again of her recent increase in salary as further proof of the superiority of Copper Books Required: Draft a short note for Karen to send to Mona. Explain how such a result could occur

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