General Motors 8.375% bonds due in 2033 were reported in The Wall Street Journal as selling for

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General Motors’ 8.375% bonds due in 2033 were reported in The Wall Street Journal as selling for 100.245 on February 18, 2005.
Were the bonds selling at a premium or at a discount on February 18, 2005? Explain.

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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