Question and answer
If a bond is issued at a premium, the effective interest rate is most likely _______ the contract interest rate. A. higher than B. lower than C. the same as D. Answer can t be determined based on information given.
If a bond is issued at a premium, the effective interest rate is most likely higher than the contract interest rate.
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Expert answered|sujaysen|Points 23588|
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Asked 12/20/2017 3:58:24 PM
Updated 12/23/2017 5:25:08 AM
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This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/23/2017 5:25:08 AM]
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