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State street becerage company issues 807,000 of 10%: State Street Beverage Company issues $807,000 of 10%,10 - year bonds on March 31, 2017. The bonds
State street becerage company issues 807,000 of 10%:
State Street Beverage Company issues \$807,000 of 10%,10 - year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30 . Which of the following statements is true? A. If the market rate of interest is 11%, the bonds will issue above par. B. If the market rate of interest is 11%, the bonds will issue at a discount. C. If the market rate of interest is 11%, the bonds will issue at a premium. D. If the market rate of interest is 11%, the bonds will issue at par Step by Step Solution
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