Karen Kline works for Permier Press a fairly large book publishing firm. Her best friend and rival Mona works for Copper Books a smaller publisher. Both companies issue $100000 in bonds on July 1. Permier's bonds were issued at a discount while Copper's were issued at a premium. Mona sent Karen a fax the next day. She told Karen that it was obvious who the better publisher was-the market had shown its preference! She reminded Karen again of her recent increase in salary as further proof of the superiority of Copper Books.
Required:
Draft a short note for Karen to send to Mona. Explain how such a result could occur.

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The Answer of Karen Kline works for Permier Press a fairly large book publishing firm. Her best friend and rival Mona works for Copper Books a smaller publisher. Both companies issue $100000 in bonds on July 1. Permier's bonds were issued at a discount while Copper's were issued at a premium. Mona sent Karen a fax the next day. She told Karen that it was obvious who the better publisher was-the market had shown its preference! She reminded Karen again of her recent increase in salary as further proof of the superiority of Copper Books.
Required:
Draft a short note for Karen to send to Mona. Explain how such a result could occur.

Karen Kline Works for Permier Press a Fairly Large Book