Question: 16 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest semi-annually and were issued when

16 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest semi-annually and were issued when the market rate of interest was 8%. These bonds were sold at at an amount that can't be determined with the information given. a premium. at face value. a discount

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