Question
Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375% and a current market price of 95.25. The commission charge is $10
Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375% and a current market price of 95.25. The commission charge is $10 per bond. The date of the transaction is 72 days since the last interest payment. What were the proceeds of the sale?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
