At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

When the contract rate of the bonds is higher than the market rate, the bond sells at a higher price than par value. The amount by which the bond price exceeds par value is the _______ on bonds.
Multiple choice question.
discount
amortization
market
premium