Question: A $ 5 0 0 , 0 0 0 bond lssue sold for $ 5 1 0 , 0 0 0 . Therefore, the bonds
A $ bond lssue sold for $ Therefore, the bonds sold:
Mitiple Choke
at a dircount because the shated interest rate was higher than the market rate.
for the $ face amount plus $ of accrued interest.
at a premium because the market interest rate was higher than the stated rate.
at a premium because the stated inserest rate was higher than the market rate.
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