Matching
Match each of the following terms with the appropriate situation below.
Premises:
Team Shirts issued bonds with a face value of $50,000 that sold for $49,780.
Team Shirts issued bonds that will be paid back in 2018.
Team Shirts issued bonds with a face value of $50,000 that sold for $52,520.
Team Shirts issued bonds that make regular annual payments of 6%.
Responses:
discount
interest
maturity
premium
Correct Answer:
Premises:
Responses:
Team Shirts issued bonds with a face value of $50,000 that sold for $49,780.
Team Shirts issued bonds that will be paid back in 2018.
Team Shirts issued bonds with a face value of $50,000 that sold for $52,520.
Team Shirts issued bonds that make regular annual payments of 6%.
Premises:
Team Shirts issued bonds with a face value of $50,000 that sold for $49,780.
Team Shirts issued bonds that will be paid back in 2018.
Team Shirts issued bonds with a face value of $50,000 that sold for $52,520.
Team Shirts issued bonds that make regular annual payments of 6%.
Responses:
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