The market rate of interest for a bond issue which sells for more than its par value

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The market rate of interest for a bond issue which sells for more than its par value is:

a. independent of the interest rate stated on the bond.

b. higher than the interest rate stated on the bond.

c. equal to the interest rate stated on the bond.

d. less than the interest rate stated on the bond.

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Jun 23, 2022 12:45 AM

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The market rate of interest for a bond issue which sells for more than its par value

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ANSWER b higher than the interest rate stated on the bond The stated interest rate is the interest r... View the full answer

Intermediate accounting

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