Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a bond traded at 112 means that: the bonds were re

A bond traded at 112 means that: The bonds were retired at $1,125 each. ...

50.1K

Verified Solution

Question

Accounting

A bond traded at 112 means that:

The bonds were retired at $1,125 each.

The market rate of interest is 12.5%.

The bond traded at $1,125 per $1,000 bond.

The bond pays 12.5% interest.

The market rate of interest is 12 % above the contract rate

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

covalent bonds due to the high electric field 6 A change of 8 0 mA...

Physics
Q

1 Perform the addition or subtraction and write the result in standard form 7 i...

Algebra
Q

Use Black-scholes formula to calculate: Assume S = $62.50, σ = 0.20, r = 0.03, div...

Finance
Q

Explain the differences between solidification cracking, HAZ cracking, hydrogen induced cracking, and lamellar cracking. Why is a...

Mechanical Engineering
Q

What statement about small G proteins is TRUE a The signal transduction protein Ras belongs...

Biology
Q

Given S 1 8 and T 7 9 S 8 3 2 9 8 7...

Geometry
Q

Which statement is not necessarily true Given is the bisector of JL A DE ID...

Geometry
Q

egral 3xy2 ds where C is the right half of the circle x y 25...

Calculus
Q

Use the graph of y f x to answer the following V K 6 5...

Algebra
Q

if I head of household has $98,000 in income how much is the state sales...

Accounting
Q

What two important pieces of legislation that affect taxable transactions refer to transactions that affect...

Accounting
Q

ABC Company uses standard costs for its manufacturing division. Standards specify 0.2 direct labor hours...

Accounting