If bonds are issued at 97, which of the following is not correct: A) A $1,000 bond sold for $970. B) The bonds sold at...

Question

Question

If bonds are issued at 97, which of the following is not correct: A) A $1,000 bond sold for $970. B) The bonds sold at a disc

business accounting

Answer 1

Answer #1

Option D is the answer

A $1000 bond issued at 97 is sold for (1,000*97%) = 970

A $2000 bond issued at 97 is sold for (2000*97%) = 1940

Comment if you face any issues

Answer 2

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