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Moore Company issued $100,000 bonds. The stated rate of interest was 6% and the market rate 7%. Which of the following statements is true? O

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Moore Company issued $100,000 bonds. The stated rate of interest was 6% and the market rate 7%. Which of the following statements is true? O The bonds were issued at a premium. The bonds were issued at a discount. O Annual interest expense will be $7,000. O Moore Company cannot issue bonds if the market rate is higher than the stated rate

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