Ordinarily, the Proceeds from the Sale of a Bond Issue

question 76

Multiple Choice

Ordinarily, the proceeds from the sale of a bond issue will be equal to:

• A) The face amount of the bond.
• B) The total of the face amount plus all interest payments.
• C) The present value of the face amount plus the present value of the stream of interest payments.
• D) The face amount of the bond plus the present value of the stream of interest payments.

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