If bonds are issued at 101.25, this means thata. a $1,000 bond sold for $1,012.50.b. a $1,000 band sold for $101.25.c. the bonds sold at a discount.d. The bond rate of interest is 10.125% of the market rate of interest.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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If bonds are issued at 101.25, this means that
a. a $1,000 bond sold for $1,012.50.
b. a $1,000 band sold for $101.25.
c. the bonds sold at a discount.
d. The bond rate of interest is 10.125% of the market rate of interest.

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