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H3Ko H3Ko
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7 years ago
Which of the following statements is true of a bond that is issued at a premium?
A) The stated interest rate is lower than the prevailing market interest rate.
B) The bond will be issued at an amount above face value.
C) At maturity, the bond will repay an amount that is greater than the face value.
D) The bond will be issued at par.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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