The business press reported the following information concerning a bond
The business press reported the following information concerning a bond issued by Trans-Canada Pipelines:
Required:
1. Explain the meaning of the reported information. If you bought Trans- Canada Pipelines bonds with $ 10,000 face value, how much would you pay ( based on the information reported above)?
2. Assume that the bond was originally sold at par. What impact would the increase in value have on the financial statements for Trans- Canada Pipelines?
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