What Is the Issue Price of $100,000 in Bonds That

question 95

Short Answer

What is the issue price of $100,000 in bonds that sell at 95.5?

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Definitions:

Contractual Authority

The power granted to an individual or entity to enter into legally binding contracts on behalf of another person or organization.

Liable

Being legally responsible for something, typically involving a financial or legal obligation.

Contract

A lawful agreement among two or more parties that has legal authority and enforceability.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for wrongful actions taken by an employee or agent if such actions occur in the course of their employment or agency.