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Your company sells $50,000 of bonds for an issue price of $48,000. Which of the following statements is correct? A) The bond sold at a
Your company sells $50,000 of bonds for an issue price of $48,000. Which of the following statements is correct?
A) The bond sold at a price of 96, implying a discount of $4,000.
B) The bond sold at a price of 48, implying a premium of $2,000.
C) The bond sold at a price of 48, implying a premium of $4,000.
D) The bond sold at a price of 96, implying a discount of $2,000.
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