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110f4 Required information P10-2 (Static) Reporting Bonds Issued at Par LO 10-2 [The following information applies to the questions displayed below.) Skipped eBook 0 References
110f4 Required information P10-2 (Static) Reporting Bonds Issued at Par LO 10-2 [The following information applies to the questions displayed below.) Skipped eBook 0 References On January 1 of this year, Nowell Company issued bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 8 percent. (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) P10-2 Part 1 Required: 1. What was the issue price on January 1 of this year? (Round your final answers to nearest whole dollar amount.) Issue price
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