Your company sells $170,000 of bonds for an issue price of $175,100. Which of the following statements is correct?
A. The bond sold at a price of 103.00, implying a discount of $5100.
B. The bond sold at a price of 51.50, implying a premium of $5100.
C. The bond sold at a price of 103.00, implying a premium of $5100.
D. The bond sold at a price of 51.50, implying a discount of $5100.
Answer: C
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