Question
At 1/1/2019, if City of El Paso issued $3 Billion Demand bond W/O take out agreenement and with coupon Rate of 6% paid semiannuly but
At 1/1/2019, if City of El Paso issued $3 Billion Demand bond W/O take out agreenement and with coupon Rate of 6% paid semiannuly but only received $2.5 Billion because the market rate is approxialty 6.21%, then the carrying value of the Bond at 7/1/2019 under the effective interest rate method will be approximatley?
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
