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A company issues $500,000 of 9% bonds due in 10years in 1/1/2022, with interest payable semiannually, the market interest rate in that date was
A company issues $500,000 of 9% bonds due in 10years in 1/1/2022, with interest payable semiannually, the market interest rate in that date was 10%, the company retire half of the bonds in 30/06/2024 for 240,000 interest expenses in 31/12/2024:
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
