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Compute the cash proceeds for bonds issued under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round
Compute the cash proceeds for bonds issued under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium Amount of Disc. Or Prem. ABC, Inc., issued $138,000 of 10-year, 9 percent bonds at 104. a. XYZ Co. issued $46,000 of 5-year, 4 percent bonds at 97. b. EFG Co. issued $137,000 of 8-year, 6.5 percent bonds at 102. c. d. RST, Inc., issued $64,000 of 5-year, 3 percent bonds at 95
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