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A bond with a par value of $100,000 was issued on January 1. This bond has a maturity of 3 years and will pay interest
- A bond with a par value of $100,000 was issued on January 1. This bond has a maturity of 3 years and will pay interest semi-annually. The annual coupon interest rate is 6% and this bond was issued at 97. This bond was issued at a:
a. discount
b. premium
c. par
2. What is the interest expense on June 30?
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
