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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
If a bond's stated interest rate is lower than the market rate, which of the following is true?
A) The bond will be issued for an amount higher than the maturity value.
B) The bond will be issued at a premium.
C) The bond will be issued at par.
D) The bond will be issued at a discount.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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