Sur trochu Forhan all " 7 A 3.921R A bond traded at 102 means that AJ The bond pays S 3) The bond traded at 102 5% of its po ur C) The market rate of interesi 2 DJ The bonds were retired at $1,025 E The market rate of interest Fate of Art 29% annut CONTACT A bondholder that owns a $1.00, 109, 10-year bon AJ Ownership rights in the issuing company. B) The right to receive $10 per year until C) The right to receive $1,000 at maturity. D) The right to receive $10,000 at maturity. E) The rieht to receive dividends of $1,000 per year. 19. When a bond sells at a premium: A) The contract rate is above the market rate. B) The contract rate is equal to the market rate. C) The contract rate is below the market rate. D) It means that the bond is a zero coupon bond. E) The bond pays no interest. 20. The Discount on Bonds Payable account is: A) A liability. B) A contra liability. C) An expense. D) A contra expense. E) A contra equity