Procter and Gambles 4.7% bonds due in 2019 were reported as selling for 104.797. Were the bonds

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Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for 104.797. Were the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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