Company andrews has bond retiring

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Reference no: EM131929291

Your company Andrews has a bond retiring in 2018. This bond has an interest rate of 13.5%, a face value of $11,300,000 and a closing price of $103.57. Since your company had sold these 10 year bonds at $100, you would be buying them back at (a): par, premium, or discount?

Reference no: EM131929291

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