Question: A $ 5 1 6 , 0 0 0 bond issue sold for $ 4 7 2 , 0 0 0 . Therefore, the bonds

A $516,000 bond issue sold for $472,000. Therefore, the bonds sold:
Multiple Cholce
for the $$5,000 foce amount less $44.000 of accoued interest.
at a premium because the stated intevest rate was higher than the maket rate.
at a discount becaupe the stabed intereat rabe was higher than the market rate.
at a divcourt becouse the market interest rate was higher than the stased rate.
A $ 5 1 6 , 0 0 0 bond issue sold for $ 4 7 2 , 0

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