Java Co. issued 15-year bonds with a maturity value of $600 million. Which of the following statements is true if the bonds were issued at their par value? Select one: Select one: a. The effective or...

Java Co. issued 15-year bonds with a maturity value of $600 million. Which of the following statements is true if the bonds were issued at their par value?

Select one:

a. The effective or yield rate of interest exceeded the coupon rate.