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00 Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 1.25 points Required Compute the cash proceeds from bond issues under the following
00 Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 1.25 points Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. eBook Cash Proceeds Print a. Pear, Inc. issued $400,000 of 10-year, 8 percent bonds at 103. b. Apple, Inc. issued $200,000 of five-year, 12 percent bonds at 97 1/2. c. Cherry Co. issued $100,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $120,000 of four-year, 8 percent bonds at 96. Discount or Premium Premium Discount Premium Discount
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