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I need help with both of these please When the market rate of interest was 11%, Waverly Corporation issued $1,000,000, 12%, 8-year bonds that pay
I need help with both of these please
When the market rate of interest was 11%, Waverly Corporation issued $1,000,000, 12%, 8-year bonds that pay interest semiannually. The selling price of tins bond issue was: a. $1.052, 310 b. $1, 154387 c. $1,000,000 d. $720, 495 When the market rate of interest was 11%, Welch Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-line method, the amount of discount or premium to be amortized each interest period would be: a. $4,000 b. $1, 494 c. $29, 876 d. $34, 273Step by Step Solution
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