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When a company issues bonds at a premium, which of the following is true? a ) The stated interest rate is lower than the market
When a company issues bonds at a premium, which of the following is true?
a The stated interest rate is lower than the market interest rate.
b The market price of the bonds is higher than their face value.
c The market price of the bonds is lower than their face value.
d The bonds are sold at their face value.
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