Answered

Which statement or statements apply to a bond which is selling at a premium?

I. The market value exceeds the par value.
II. The selling rate is above 100.
III. It is sold by corporations, not by the government.

a. I and II
b. I only
c. III only
d. I, II, and III

Please select the best answer from the choices provided.



Answer :

GinnyAnswer

Final answer:

A bond selling at a premium has a market value exceeding the par value and a selling rate above 100.


Explanation:

A bond selling at a premium means that its market value exceeds the par value, and the selling rate is above 100. Bonds can be sold at a premium by both corporations and governments, so statement III is not accurate for premium bonds. Therefore, the correct statement is I and II.


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