A $100,000 5-Year 6% Bonds Bond Is Issued on January

question 50

Multiple Choice

A $100,000 5-year 6% bonds bond is issued on January 1,2012.The bond pays interest annually.The market rate is 7%.What is the discount or premium of the sale of the bonds,rounded to nearest dollar?

• A)$4,500 discount
• B)$4,500 premium
• C)$95,500
• D)$100,000

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