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Author Question: Put an X in the appropriate box to show whether the bond described will be issued at a premium, at a ... (Read 80 times)

audragclark

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on: Jul 5, 2018
Put an X in the appropriate box to show whether the bond described will be issued at a premium, at a discount, or at par:
 
  Premium Discount Par
  1. Able Company issued 100,000 worth of bonds with a stated interest rate of 9 when the market rate of interest for similar investments was 11.
  2. Maple Company issued 1,000,000 worth of bonds with a stated interest rate of 10 when the market rate of interest for similar investments was 9.
  3. Ready Company issued 1,000,000 worth of bonds with a stated rate of 7 when the market rate of interest for similar investments was 7.

Question 2

EFT
 a. means Efficient Funds Transfer
  b. can process certain cash transactions at less cost than by using the mail
  c. makes it easier to document purchase and sale transactions
  d. means Effective Funds Transfer


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vboyd24

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Premium Discount Par
1. X
2. X
3. X

Answer to Question 2

b


audragclark

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Excellent

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