Question: Eagle Corp. issued $ 6 0 , 0 0 0 of its 9 % bonds at par on January 1 , 2 0 2 4

Eagle Corp. issued $

60, 000

of its

9 %

bonds at par on January

1, 2024 .

Atyear end, the bonds are trading on the bond market for a premium. Which of the following could be the market interest rate of similar bonds at year end?

8 %

9 %

10 %

AorB

There is not enough information to answer the question.

4

pts

Eagle Corp. issued $ 6 0 , 0 0 0 of its 9 % bonds

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