Stone Energy Corporation’s 7.5% bonds due in 2022 were reported as selling

Stone Energy Corporation’s 7.5% bonds due in 2022 were reported as selling for 77.00. Were the bonds selling at a premium or at a discount? Why is Stone Energy Corporation able to sell its bonds at this price?

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Accounting

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

ISBN: 9781337902687

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