The following article appeared in the Wall Street Journal. Bond Markets Giant Commonwealth Edison Issue Hits Resale Market With $70 Million Left Over NEW YORKCommonwealth Edison Co.s slow-selling new 9% bonds were tossed onto the resale market at a reduced price with about $70 million still available from the $200 million offered Thursday, dealers said. The Chicago utilitys bonds, rated double-A by Moodys and double-A-minus by Standard & Poors, originally had been priced at 99.803, to yield 9.3% in 5 years. They were marked down yesterday the equivalent of about $5.50 for each $1,000 face amount, to about 99.25, where their yield jumped to 9.45%.

A) How will the development above affect the accounting for Commonwealth Edisons bond issue?

B) Provide several possible explanations for the markdown and the slow sale of Commonwealth Edisons bonds.