General Motors’ 8.375% bonds due in 2033 were reported in The Wall Street Journal as selling for...

Question

General Motors’ 8.375% bonds due in 2033 were reported in The Wall Street
Journal as selling for 100.245 on Fe
uary 18, 2005.
Were the bonds selling at a premium or at a discount on Fe
uary 18, 2005?
Explain.
Premium on bonds payable is the excess amount by which bonds are issued over their
face value. As...

Robert · Accepted Answer

General Motors’ 8.375% bonds due in 2033 were reported in The Wall Street 
Journal as selling for 100.245 on February 18, 2005. 
Were the bonds selling at a premium or at a discount on February 18, 2005? 
Explain. 
Premium on bonds payable is the excess amount by which bonds are issued over their 
face value.

General Motors’ 8.375% bonds due in 2033 were reported in The Wall Street Journal as selling for XXXXXXXXXXon February 18, 2005. Were the bonds selling at a premium or at a discount on February 18,...

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