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Smoke and Musk Inc issues bonds with the following information: Par Value $20,000 Term 8 years Contract Interest Rate 4% Issue Price 97.2 Is this
Smoke and Musk Inc issues bonds with the following information:
| Par Value | $20,000 |
| Term | 8 years |
| Contract Interest Rate | 4% |
| Issue Price | 97.2 |
Is this bond sold at par value, at a discount or at a premium?
Group of answer choices
discount
none of the above
par value
premium
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
