Recently, Argo Chemical's 8.5 percent bonds maturing in 2019 closed at $92 with a face value of $100.This means the Argo bonds
A) sold for $92 each.
B) increased in value $92 that day.
C) sold at 92 percent of par value.
D) had the year of maturity changed to 1992.
Correct Answer:
Verified
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