Quebec Telecom has the following 4 percent bonds. For which bond payable will Quebec Telecom have to pay the most at maturity? Explain your answer. 1. $100,000 issued at 98.5 2. $100,000 issued at 104.5 3. $100,000 issued at 92.6 Which bond payable will Quebec Telecom have to pay the most for at maturity? The maturity value is $___
All of the bonds will have the same maturity value Bond 1. because it was issued at the lowest price Bond 2. because it was issued at the highest price Bond 3. because it was issued at a discount