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