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I need help to correct the ones i didnt get right E9-23 (Static) Computing the Issue Price of a Bond with Analysis of Net Earnings
I need help to correct the ones i didnt get right
E9-23 (Static) Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO 0.3,98 Imal Company issued a $1 million bond that matures in five years. The bond has a 9 percent coupon rate. When the bond was issued the market interest rate was 8 percent. The bond pays interest fwice per year, on June 30 and December 31 . Use Iable 8CA. Table 85? Required: 1 Record the issuance of the bond on June 30, (Round time value factor to 4 decimal places. Enter your answer in dollers not in mitflons. Round intermediote ond final onswers to the nearest whole dollar. If no entry is required for o transoction/event, select "No journal entry required" in the first occount field.) Step by Step Solution
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