In each of the following independent cases, state whether the bonds were issued at par, a premium,

Question:

In each of the following independent cases, state whether the bonds were issued at par, a premium, or a discount. Explain your answers.
(a) Pop-up Manufacturing sold 1,500 of its $1,000, 8% stated-rate bonds when the market rate was 7%.
(b) Splendor, Inc., sold 500 of its $2,000, 8 3/4% bonds to yield 9%.
(c) Cards issued 1,000 of its 9%, $100 bonds at an effective rate of 9 1/2%.
(d) Floppy, Inc., sold 3,000 of its 10% bonds with a of $2,500 at a time when the market rate was 9%.
(e) Cintron Co. sold 5,000 of its 12% contract-rate bonds with a stated value of $1,000 at an effective rate of 12%.

Corporation
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Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...