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A $500,000 bond issue sold for 98. Therefore, the...

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Question

A $500,000 bond issue sold for 98. Therefore, the bonds: (Points : 1) Sold at a discount because the stated rate of interest was lower than the effective rate. Sold for the $500,000 face amount less $10,000 of accrued interest. Sold at a premium because the stated rate of interest was higher than the yield rate. Sold at a discount because the effective interest rate was lower than the face rate.

 

Paper#9472 | Written in 18-Jul-2015

Price : $25
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