What the reason jackson issued the bonds at a premium was

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Question 1: In July 1, 20x1, Jackson Company issued $300,000, five-year, 9% bonds at 103. The reason Jackson issued the bonds at a premium was

Group of answer choices

Option 1: the stated rate of interest was lower than the rate being paid on investments with comparable risk.

Option 2: the stated rate of interest was higher than the rate being paid on investments with comparable risk.

Option 3: the stated rate of interest was the same as the rate being paid on investments with comparable risk.

Option 4: the bonds were callable.

Reference no: EM132518841

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