Merkel corporation issues $200,000 face amount bonds with a stated interest rate of 6%. if the market interest rate is 6%, the bonds will issue at a discount.
What is the discount?
Generally, A decrease in the regular selling price of a product or service that takes the form of either a monetary amount or a percentage may be referred to as a discount.
The term "discount pricing" may apply to a number of different pricing techniques, all of which include lowering the price of a product or service in order to generate interest in the offering, get rid of surplus inventory, or increase sales.
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merkel corporation issues $200,000 face amount bonds with a stated interest rate of 6%. if the market interest rate is 6%, the bonds will issue at____
