Question: Question 1 0 A $ 5 0 0 , 0 0 0 bond issue sold for $ 5 1 0 , 0 0 0 .

Question 10
A $500,000 bond issue sold for $510,000. Therefore, the bonds:
Sold at a discount because the stated interest rate was higher than the market rate.
Sold at a premium because the market interest rate was higher than the stated rate.
Sold for the $500,000 face amount plus $10,000 of accrued interest.
Sold at a premium because the stated interest rate was higher than the market rate.
Question 1 0 A $ 5 0 0 , 0 0 0 bond issue sold

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