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please help with these accounting problems! thank you! Help efer to stay in Protected View Enable Editing 16. Bonds that may be exchanged for common
please help with these accounting problems! thank you! Help efer to stay in Protected View Enable Editing 16. Bonds that may be exchanged for common stock at the option of the bondholders are called A) options. B) stock bonds C) convertible bonds. D) callable bonds 17. Bonds with a face value of $500,000 and a quoted price of 971/4 have a selling price of A) $486,250. B) $485,125. C) $485,013 D) $487,500 18. Bonds with a face value of $600,000 and a quoted price of 104\/4 have a selling price of A) $625,500. B) $624,150 C) $602,550. D) $624,000 19. If the market interest rate for a bond is higher than the stated interest rate, the bond will sell at A) a premium B) a discount C) par. D) either a discount or premium. 20. If the market rate of interest is 10% a $10,000, 12%, 10-year bond that pays interest annually would sell at an amount A) less than face value. B) equal to face value. c) greater than face value. D) that cannot be determined
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