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A company issued 9% , 15-year bonds with a par value of 520,000 that pay interest semi-annually . The $52 current market rate is 9%.
A company issued 9% , 15-year bonds with a par value of 520,000 that pay interest semi-annually . The \$52 current market rate is 9%. The journal entry to record each semiannual interest payment is:
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Sound Investing, Chapter 8 - Revenue Hoaxes
Authors: Kate Mooney
3rd Edition
007171930X, 9780071719308
