the market llUl Iterest is less than the stated rate. The stated rate of interes
ID: 2514053 • Letter: T
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the market llUl Iterest is less than the stated rate. The stated rate of interest is less than the market rate. The market rate of interest is higher than the stated rate. ds 0-12A Identifying bond premiums and discounts al equired n each of the following situations, state whether the bonds will sell at a premium or discount: a Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue the market rate of interest for similar investments was 6 percent. à Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue the market rate of interest for similar investments was 6 percent. ?. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent fer similar investments Exercise 10-13A Determining the amount of bond premiums and discounts Required or each of the following situations, calculate the amount of bond discount or premium, if any ray Co. issued $80,000 of 6 percent bonds at 101 4 ush, Inc., issued $200,000 of 10-year, 6 percent bonds at 97 %. ak, Inc., issued $100,000 of 20-year, 6 percent bonds at 103. iLCo ied 180,000 of 15-year, 7 percent bonds at 99 a,Explanation / Answer
10-12A)
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