somerset issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. interest was paid annually. the bonds were sold at 87.5. what was the sales price of the bonds? were they issued at a discount, a premium, or at par?.

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Ibironke2071 Ibironke2071

01-12-2022
Business

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somerset issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. interest was paid annually. the bonds were sold at 87.5. what was the sales price of the bonds? were they issued at a discount, a premium, or at par?.

Sagot :

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