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please explain and post answer so that half the answer isnt cut off! thank you! Bond Price Stone Energy Corporation's 7.5% bonde due in 2022

please explain and post answer so that half the answer isnt cut off! thank you!
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Bond Price Stone Energy Corporation's 7.5% bonde due in 2022 were reported as selling for 72.00. Were the bonds seling at a premium or at a discount? Why is Stone Energy Corporation able to sell its bonds at this price? The bonds were selling because the market rate of interest for similar quality bonde was than 7.5

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