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Calculate the interest revenue accounted by the Autumn Company at December, 31 for the $15 000 of Flower Company 8% bond bought on January, 1.
Calculate the interest revenue accounted by the Autumn Company at December, 31 for the $15 000 of Flower Company 8% bond bought on January, 1. Payments are semi-annual on January, 1 and July, 1. The purchase price is $13 500 to yield 12%. The bond is held to collection.
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
