View Policies

Current Attempt in Progress

Ramirez, Inc. issued bonds with a maturity amount of $$200,000$ and a maturity of ten years from the issue date. If the bonds were issued at a premium, this indicates that

the effective yield or market interest rate exceeded the stated $($nominal$)$ rate.

the nominal rate of interest exceeded the market rate.

the market and nominal rates coincided.

no necessary relationship exists between the two rates.

Attempts: $0$ of $1$ used $$