Question: CP 10-1 Required: Complete the following by responding either premium or discount. 1. If the market rate of interest is 15% and the bond interest

 CP 10-1 Required: Complete the following by responding either premium or

CP 10-1 Required: Complete the following by responding either premium or discount. 1. If the market rate of interest is 15% and the bond interest rate is 10%, the bonds will sell at a 2. If a bond's interest rate is 10% and the market rate of interest is! 8%, the bonds will sell at a 3. In computing the carrying amount of a bond, unamortized is subtracted from the face value of the bond. 4. In computing the carrying amount of a bond, unamortized is added to the face value of the bond. 5. If a bond sells at a an amount in excess of the face value of the bond is received on the date of issuance. 6. If a bond sells at a ,, an amount less than the face value of the bond is received on the date of issuance

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