JMR bought 15 Z Corporation's $1,000 bonds for $15,270 total,on April 1,2014,(five years prior to maturity) .The bonds pay 8% semi-annual interest on April 1 and October 1.On December 31,2014,the bonds had a market value of $14,950 (not a permanent decline) .JMR purchased these bonds at:
A) Par.
B) Par plus accrued interest.
C) A premium.
D) A discount.
E) A discount plus accrued interest.
Correct Answer:
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