Your company sells $50,000 of bonds for an issue price of $48,000. Which of the following statements is correct?
A. The bond sold at a price of 48, implying a premium of $4,000.
B. The bond sold at a price of 48, implying a premium of $2,000.
C. The bond sold at a price of 96, implying a discount of $4,000.
D. The bond sold at a price of 96, implying a discount of $2,000.
Answer: D
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