McDonald's 6.375% bonds due in 2028 were reported as selling for 108.89. Were the bonds selling at

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McDonald's 6.375% bonds due in 2028 were reported as selling for 108.89. Were the bonds selling at a premium or at a discount? Explain.

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Accounting

ISBN: 978-0324401844

22nd Edition

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

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Question Posted: Jul 17, 2012 01:16 AM

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McDonald's 6.375% bonds due in 2028 were reported as selling for 108.89. Were the bonds selling at

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The bonds were selling at a premium This is indicated by ...View the full answer

Accounting

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