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b . Determine the amount of the bond interest expense for the first year. c . Why was the company able to issue the bonds
b Determine the amount of the bond interest expense for the first year. c Why was the company able to issue the bonds for only $ rather than for the face amount of $ The market rate of interest is the contract rate of interest. Therefore, inventors willing to pay the full face amount of the bonds.
b Determine the amount of the bond interest expense for the first year.
c Why was the company able to issue the bonds for only $ rather than for the face amount of $
The market rate of interest is the contract rate of interest. Therefore, inventors willing to pay the full face amount of the bonds.
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