Question
how would you calculate this with a financial calculator? Jimeniz Enterprises issued 9%, 5-year, $2,600,000 par value bonds that pay interest semiannually on September 1
how would you calculate this with a financial calculator?
Jimeniz Enterprises issued 9%, 5-year, $2,600,000 par value bonds that pay interest semiannually on September 1 and March 1.The bonds are dated September 1, 2014, and are issued on that date.The market rate of interest for such bonds on September 1, 2014, is 10%.What cash proceeds did Jimeniz receive from issuance of the bonds?
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
