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tensa zangetsu [6.8K]
3 years ago
5

$511,000 bond issue sold for $483,000. Therefore, the bonds: Multiple Choice Sold for the $511,000 face amount less $28,000 of a

ccrued interest. Sold at a discount because the stated interest rate was higher than the market rate. Sold at a discount because the market interest rate was higher than the stated rate. Sold at a premium because the stated interest rate was higher than the market rate.
Business
1 answer:
Brrunno [24]3 years ago
6 0

Answer: Sold at a discount because the market interest rate was higher than the stated rate. S

Explanation:

the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.

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