a Which of the following statements is/are true? 1. If a $130,000 face value bond...
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Accounting
a Which of the following statements is/are true? 1. If a $130,000 face value bond is issued at 120, the cash received will be $158,000. II. If a public company issued bonds at a discount, it indicates that the company has a poor credit rating III. If the market rate is 7% and the stated rate is 4%, the bonds will sell at a discount. IV. If the market rate is 7% and the stated rate is 11%, the bonds will sell at a premium. Select one: a. Ill and IV b. I, III and IV O c. IV, only d. I and IV O e. All four statements are correct
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