Xenia Corporation issued 3,000 term bonds with a face value of $1,000 each and no additional features for $3,200,000. The bonds' selling price indicated that the bonds were paying interest that was ________.
A) lower than the market rate
B) the rate the bond investors wanted
C) equal to par value
D) higher than the market rate

Question

Quizplus · Accepted Answer

The Answer of Xenia Corporation issued 3,000 term bonds with a face value of $1,000 each and no additional features for $3,200,000. The bonds' selling price indicated that the bonds were paying interest that was ________.
A) lower than the market rate
B) the rate the bond investors wanted
C) equal to par value
D) higher than the market rate

Xenia Corporation Issued 3,000 Term Bonds with a Face Value