Question: Rascal Inc. is a new technology startup. The company decided to raise capital by issuing bonds. The $1000 bonds have a stated rate of interest

Rascal Inc. is a new technology startup. The company decided to raise capital by issuing bonds. The $1000 bonds have a stated rate of interest of 3%. Due to the risk of default, investors demand that the bonds yield a higher interest rate, therefore Rascal Inc's bonds will sell at: Select one: a. par b. a discount c. a premium d. the stated value e. None of the above is correct

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