Answered: hich one of the following is the reason…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which one of the following is the reason that bonds may sell at a discount or premium?

Select one:

a. Market conditions caused the coupon rate of interest to change between the time the bond agreement was written and the date the bonds were actually issued to investors

b. The bond issuer failed to consider the market yield rate when the bond agreement was created

c. The bond issuer adjusted the coupon rate to match that of other bond issues

d. The market yield rate fluctuated between the time the bond agreement was written and the date the bonds were actually issued to investors

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