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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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