A $516,000 bond issue sold for $479,000. Therefore, the bonds: Sold at a discount because...
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A $516,000 bond issue sold for $479,000. Therefore, the bonds: Sold at a discount because the stated interest rate was higher than the market rate. Sold at a premium because the stated interest rate was higher than the market rate. Sold for the $516.000 face amount less $37000 of accrued interest. Sold at a discount because the market interest rate was higher than the stated rate
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