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Accounting for Bonds Sold at a Discount equivalent risk-rated bonds carried a yield rate of six percent. Round all answers to the nearest whole number.

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Accounting for Bonds Sold at a Discount equivalent risk-rated bonds carried a yield rate of six percent. Round all answers to the nearest whole number. a. Calculate the proceeds that The Peoples National Bank received from the sale of the six percent bonds. $ b. Calculate the interest expense on the bonds for the first year that the bonds are outstanding. $ c. Calculate the bookvalue of the bonds at the end of the first year. $

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