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Business, 23.04.2021 02:40 suselygonza

A $500,000 bond issue sold at 98. Therefore, the bonds: Multiple Choice Sold at a premium because the stated rate of interest was higher than the yield rate. Sold at a discount because the stated rate of interest was lower than the effective rate. Sold at a discount because the effective interest rate was lower than the face rate. Sold for the $500,000 face amount less $10,000 of accrued interest.

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A $500,000 bond issue sold at 98. Therefore, the bonds: Multiple Choice Sold at a premium because th...
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