Question
how would i calculate this with a financial calculator? Lucky Treasures Enterprises issued 9%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October
how would i calculate this with a financial calculator?
Lucky Treasures Enterprises issued 9%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1.The bonds are dated April 1, 2013 and are issued on that date.The discount rate of interest for such bonds on April 1, 2013, is 10%.What cash proceeds did Lucky Treasures receive from the issuance of the bonds?
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
