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a company issued a $400,000, 6%, 10-year bond to a yield of 8%. interest is to be paid semi-annualy. a) determine sale price of bond

a company issued a $400,000, 6%, 10-year bond to a yield of 8%. interest is to be paid semi-annualy.

a) determine sale price of bond

b) prepare journal entry to record issuance

c) prepare journal entry to record first payment

d) determine book value of bond after first coupon payment

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