Question: For each situation below, indicate whether the note was issued at a premium, discount, or at face value. a. The face value of the note

For each situation below, indicate whether the note was issued at

For each situation below, indicate whether the note was issued at a premium, discount, or at face value. a. The face value of the note is $13,100. The investor paid $9,900 for the note. b. The market rate of interest is 12%. The stated rate is 13%. Discount Face value Premium c. The face value of the note is $12,100 and the note pays $1,210 interest annually. The market rate of interest applicable to this note is 9%. d. The face value of the note is $6,100. The investor paid $6,100 for this note. Attempts: 0 of 1 used

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