Can I send you a few more questions to answer in the next 10 minutes? On January
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Can I send you a few more questions to answer in the next 10 minutes?
On January 1, 2014, Behrend Corp. issues 8-year bonds with a total face value of $10,000,000 and a stated interest rate of 5%with interest paid annually each 12/31.The bonds are issued to provide an effective (market) interest rate of6%. Round all amounts to the nearest dollar. The bonds carrying value reported in Behrends year-end 12/31/2014 balance sheet is:
$10,000,000. |
$9,441,762. |
$10,578,637. |
none of the above.
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