If bonds are issued at 101.25, this means that:
A) A $1,000 bond sold for $101.25
B) The bonds sold at a discount
C) A $1,000 bonds sold for $1,012.50
D) The band rate of interest is 1-.125% of the market rate of interest
Answer: C
If bonds are issued at 101.25, this means that:
A) A $1,000 bond sold for $101.25
B) The bonds sold at a discount
C) A $1,000 bonds sold for $1,012.50
D) The band rate of interest is 1-.125% of the market rate of interest
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