Bond price Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for 104,797. Were the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

Bond price Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for 104,797. Were the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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Bond price

Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for 104,797.

Were the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

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