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doing some review for my test next week and i got stumped on this problem. please inclide calculations :) Q3: IF TIME hotsday On January
doing some review for my test next week and i got stumped on this problem. please inclide calculations :)
Q3: IF TIME hotsday On January 1, 2021, ABC Industries issued $700,000 of 12% bonds dated January 1. Calculate the price of the bonds. Prepare the JE for both parties (issuer & investor). Prepare Amortization Schedule. -Interest of $42,000 is payable semi-annually on June 30 and December 31. -The bonds mature in three years. -The market yield for bonds of similar risk and maturity is 10% -Uniting, Inc., purchased the entire bond issue, planning to hold the bonds until maturity A Step by Step Solution
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