If three municipal bonds are purchased at the price of 102, 100 and 99 – these bonds are said to be sold: a) at a discount, at par, at a premium b) at a premium, at par, at a discount c) at par, at a premium, at a discount d) at a discount, at a premium, at par

If three municipal bonds are purchased at the price of 102, 100 and 99 – these bonds are said to be sold: a) at a discount, at par, at a premium b) at a premium, at par, at a discount c) at par, at a premium, at a discount d) at a discount, at a premium, at par

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

If three municipal bonds are purchased at the price of 102, 100 and 99 – these bonds are said to be sold:

a) at a discount, at par, at a premium

b) at a premium, at par, at a discount

c) at par, at a premium, at a discount

d) at a discount, at a premium, at par

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