Recently, Dow Chemical 8

question 75

Multiple Choice

Recently, Dow Chemical 8.5 percent bonds maturing in 2006 closed at $92 with a face value of 100.This means the Dow bonds

• A)sold for $92 each.
• B)increased in value $92 that day.
• C)sold at 92 percent of par value.
• D)had the year of maturity changed to 1992.

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