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A company issues 640 bonds, paying interest semiannually. Face value = $1,000, 5-year bonds, Face Rate = 14%, Market Rate = 16%. Cash proceeds
A company issues 640 bonds, paying interest semiannually. Face value = $1,000, 5-year bonds, Face Rate = 14%, Market Rate = 16%. Cash proceeds from the sale of the bonds was $597,055.48. What is the carrying value after the second period? A company issues 640 bonds, paying interest semiannually. Face value = $1,000, 5-year bonds, Face Rate = 14%, Market Rate = 16%. Cash proceeds from the sale of the bonds was $597,055.48. What is the carrying value after the second period?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
