Question
A company issued $300,000, 10-year, 10% bonds at 105. Use the information above to answer the following question. What is the issue price of these
A company issued $300,000, 10-year, 10% bonds at 105.
Use the information above to answer the following question. What is the issue price of these bonds?
A) $300,000
B) $315,000
C) $285,000
D) $330,000
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
