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On Jan 2018, your company issued a $1,000,000, 8% payable annually, 5 year, bond when the market rate was 10%. Did your company issue its
On Jan 2018, your company issued a $1,000,000, 8% payable annually, 5 year, bond when the market rate was 10%. Did your company issue its bond on Jan 1, 2018 at a premium or discount?
Select one:
a. neither at a premium nor at a discount
b. at par value
c. at a premium
d. at a discount
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