Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for XXXXXXXXXXWere the bonds...

Question

Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for XXXXXXXXXXWere the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

David · Accepted Answer

Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for 
104.797. Were the bonds selling at a premium or at a discount? Why is Proctor & 
Gamble able to sell its bonds at this price? 
Solution 
The bond is selling at a premium. It pays 4.7% currently on its face value,

Procter and Gamble’s 4.7% bonds due in 2019 were reported as selling for XXXXXXXXXXWere the bonds selling at a premium or at a discount? Why is Proctor & Gamble able to sell its bonds at this price?

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