Question
A company issued 7%, 10-year bonds with a face amount of $189,000. The market yield for bonds of similar risk and maturity is 6%. Interest
A company issued 7%, 10-year bonds with a face amount of $189,000. The market yield for bonds of similar risk and maturity is 6%. Interest is paid annually. What is the debit to cash for the bond proceeds?
Here are the PV and PVA factors
PV i=6%, 10 periods
PVA i=6%,10 periods
PV i=7%, 10 periods
PVA i=7%, 10 periods
.55839
7.36009
.50835
7.02358
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
