Bonds are sold at a premium if the:
A) Issuing company has a better reputation than other companies in the same business
B) Market rate of interest was less than the state rate at the time of the issue
C) Market rate of interest was more than the states rate at the time of the issue
D) Market rate of interest was the same as the stated rate at the time of the issue
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.