Bond Issue Price} On December 31, 2018, Goa Hot Rods issued ($ 2,000,000) of (6 %, 10)-year

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Bond Issue Price}

On December 31, 2018, Goa Hot Rods issued $\$ 2,000,000$ of $6 \%, 10$-year bonds. Interest is payable semiannually on June 30 and December 31.

\section*{Required:}
What is the issue price if the bonds are sold to yield $8 \%$ ? (Note: Round to the nearest dollar.)
\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:08 AM

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Bond Issue Price} On December 31, 2018, Goa Hot Rods issued ($ 2,000,000) of (6 %, 10)-year

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Cornerstones Of Financial Accounting

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