Question
Acorporationissuesforcash$9,000,000of8%,30yearbonds,interestpayablesemiannually.Theamountreceived forthebondswillbe? a. presentvalueof$9,000,000toberepaidin30years,lesspresentvalueof60semiannualinterestpayments of$360,000 b. presentvalueof30annualinterestpaymentsof$360,000,pluspresentvalueof$9,000,000toberepaidin 30years c. presentvalueof30annualinterestpaymentsof$720,000 d. presentvalueof60semiannualinterestpaymentsof$360,000,pluspresentvalueof$9,000,000toberepaid in30years
Acorporationissuesforcash$9,000,000of8%,30yearbonds,interestpayablesemiannually.Theamountreceived forthebondswillbe? a. presentvalueof$9,000,000toberepaidin30years,lesspresentvalueof60semiannualinterestpayments of$360,000 b. presentvalueof30annualinterestpaymentsof$360,000,pluspresentvalueof$9,000,000toberepaidin 30years c. presentvalueof30annualinterestpaymentsof$720,000 d. presentvalueof60semiannualinterestpaymentsof$360,000,pluspresentvalueof$9,000,000toberepaid in30years
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
