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On August 3 1 , Jackson Enterprises issued bonds with a par value of $ 7 5 0 , 0 0 0 and a stated

On August 31, Jackson Enterprises issued bonds with a par value of $750,000 and a stated interest rate of 8%. Interest is payable semiannually on June 30 and December 31. If the proceeds from the issue amounted to $760,000, the bonds were most likely
Select answer from the options below
issued at par plus accrued interest.
sold at a premium.
sold at a discount.
sold at a higher effective interest rate.

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