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State Street Beverage Company issues $802,000 of 11%, 10-year bonds on Ma rch 31, 2017. The bonds pay interest on March 31 and September 30.
State Street Beverage Company issues $802,000 of 11%, 10-year bonds on Ma rch 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 12%, the bonds will issue above par B. If the market rate of interest is 12%, the bonds will issue at a premium. C. If the market rate of interest is 12%, the bonds will issue at pa. 0 D. If the market rate of interest is 12%, the bonds will issue at a discount Click to select your
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