When a bond is sold at a price higher than the face value, the difference is known as a:
A)premium.
B)discount.
C)maturity value.
D)face value.

Name: When a bond is sold at a price higher than the face value, the difference is known as a: A)premium. B)discount. C)maturity value. D)face value.
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Question

Quizplus · Accepted Answer

When a bond is sold for more than its face value, the excess amount is referred to as a premium.

When a Bond Is Sold at a Price Higher Than