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Cali Corp issued 10 year, 10% bonds with a face value of $2,175,000. The bonds were sold to yield 11%. Interest is payable annually on
Cali Corp issued 10 year, 10% bonds with a face value of $2,175,000. The bonds were sold to yield 11%. Interest is payable annually on January 1st.
- Using TMV functions, what is the issue price of the bonds?
- record the bond issuance
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
