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EB3, 13.1 Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semi- annual coupon (payable June 30 and
EB3, 13.1 Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semi- annual coupon (payable June 30 and December 31) on January 1, 2018, when the market rate of interest was 10%. Were the bonds issued at a discount or premium? Assuming the bonds sold at 92.288, what was the sales price of the bonds?
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
