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8. Company Z on 1/1/2020 issues a 20% bond with a face value of $800,000 that will mature in 5 years. Interests are paid semi-annually
8. Company "Z" on 1/1/2020 issues a 20% bond with a face value of $800,000 that will mature in 5 years. Interests are paid semi-annually on 6/30 and 12/31. Calculate the price of the bond and record all the accounting journal entries for 2020, assuming that the market rate is 20%
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