Determine bonds were issued at

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Question 1: On the date of issuance, the Bonds Payable account has a balance of $55,000,000 and the Premium on Bonds Payable account has a balance of $5,000,000. These bonds were issued at:

A. $60,000,000

B. a price that cannot be determined without knowing the stated and market interest rates

C. $55,000,000

D. $50,000,000

Reference no: EM132512171

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