(APPENDIX) BOND ISSUE PRICE On December 31, 2009, Garner Hot Rods issued $2,000,000 of 6 percent, 10-year...

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(APPENDIX) BOND ISSUE PRICE On December 31, 2009, Garner Hot Rods issued $2,000,000 of 6 percent, 10-year bonds. Interest is payable semiannually on June 30 and December 31.

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What is the issue price if the bonds are sold to yield 8 percent?

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Cornerstones Of Financial Accounting Current Trends Update

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Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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(APPENDIX) BOND ISSUE PRICE On December 31, 2009, Garner Hot Rods issued $2,000,000 of 6 percent, 10-year...

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Cornerstones Of Financial Accounting Current Trends Update

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