Which of the following is a TRUE statement pertaining to bonds?

a. Bonds can be sold at a discount, par, or premium.

b. The SEC sets the market price of a bond

c. Bonds can be sold at a discount, par, or payable.

d. The issuing firms set the market price of the bond

Underwood corporation issues $10,000 of bonds payable at a price of 102. Which TWO answers are correct? Select one or more:

a. Underwood has to repay $10,200 at maturity.

b. Underwood has to repay $10,000 at maturity.

c. Underwood receives proceeds of $10,200 from the issue.

d. Underwood receives proceeds of $10,000 from the issue