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Southern Airlines issued 25-year bonds with a maturity value of $2 million. Which statement is t rue if the bonds were issued at a premium?
Southern Airlines issued 25-year bonds with a maturity value of $2 million. Which statement is true if the bonds were issued at a premium?
The yield rate of interest exceeded the coupon rate | ||
The cash rate of interest exceeded the coupon rate | ||
The yield rate of interest was less than the coupon rate | ||
The yield rate of interest was greater than the maturity value of the bonds |
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