When a bond trades at a price above its par value, then the bond is said to be

Group of answer choices

a bearer bond

subordinated debt

Which of the following is a limitation of the accounting rate of return?

Group of answer choices

It does not use the relevant information to value a project: the cash flow and the market value of the cost.

All answers are correct

It ignores the time value of money.

There is no objective way to choose the cutoff value.

trading at a premium

trading at a discount