Question

Your company sells $50,000 of bonds for an issue price of $52,000. Which of the following statements is correct?

A) The bond sold at a price of 52, implying a premium of $2,000.

B) The bond sold at a price of 104, implying a discount of $2,000.

C) The bond sold at a price of 52, implying a discount of $2,000.

D) The bond sold at a price of 104, implying a premium of $2,000.

Answer

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