Question
1. Jones Company issued $50,000, 5 year, 8% bonds at 98 plus accrued interest. The interest is paid semiannually on March 1 and September 1.
1.
Jones Company issued $50,000, 5 year, 8% bonds at 98 plus accrued interest. The interest is paid semiannually on March 1 and September 1. The bonds are dated March 1, Year 1. The date of sale is May 1, Year 1.
Calculate the issue price of the bonds.
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QS 9000 Handbook A Guide To Registration And Audit
Authors: Jayanta Bandyopadhyay
1st Edition
157444011X, 978-1574440119
