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Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round
Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.)
Pear, Inc. issued $160,000 of 10-year, 8% bonds at 102.
Apple, Inc. issued $107,000 of five-year, 12% bonds at 98
Cherry, Inc. issued $168,000 of fivel-year, 6% bonds at 102-1/4
Grape, Inc. issued $46,000 of four-year, 8% bonds at 98.
Cash Prem./disc. Pear _____ _______ Apple _____ _______ Cherry ______ _______ Grape ______ _______
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