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A company issues $920,000 of 7.5% loan stock at a discount of 6%. Issue costs are 3% of the discounted loan value. How much would
- A company issues $920,000 of 7.5% loan stock at a discount of 6%. Issue costs are 3% of the discounted loan value.
- How much would the loan stock be initially measured at?.
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Auditing Cases An Interactive Learning Approach
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
7th Edition
0134421825, 9780134421827
