You are an accounting manager for your company. The company is considering issuance of bonds to raise capital for use in expansion of one of its product lines. The CEO would like a memorandum explaining under what market conditions the company's bonds would be issued at a premium.

Type the communication in the response area below.

REMINDER: The response will be graded for technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended audience and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use an appropriate business format with a clear introduction, body, and conclusion. Do not convey information in the form of a table, bullet-point list, or other abbreviated presentation.

Memorandum To:CEO

Re:Bonds issued at a premium