Solved

Match Each of the Following Situations with the Appropriate Term

Question 303

Matching

Match each of the following situations with the appropriate term below.Terms may be used more than once.

Premises:
Bank,Rupp & Baroque,Inc.bonds will be due in 2030.
Bank,Rupp & Baroque,Inc.issued bonds that sold for $99,000.
The semi-annual payment to bondholders is $6,000.
Bank,Rupp & Baroque,Inc.bonds carried a stated rate of 6.5%.
Bank,Rupp & Baroque,Inc.issued bonds that sold for $101,000.
Responses:
maturity
interest
discount
premium

Correct Answer:

Bank,Rupp & Baroque,Inc.bonds will be due in 2030.
Bank,Rupp & Baroque,Inc.issued bonds that sold for $99,000.
The semi-annual payment to bondholders is $6,000.
Bank,Rupp & Baroque,Inc.bonds carried a stated rate of 6.5%.
Bank,Rupp & Baroque,Inc.issued bonds that sold for $101,000.
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