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. n January 1, Birmingham Company issues bonds with a face value of $500,000 on their stated issue date. The bonds mature in 5 years
. n January 1, Birmingham Company issues bonds with a face value of $500,000 on their stated issue date. The bonds mature in 5 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Use appropriate factor(s) from the tables provided.) a) Compute the price of the bonds as of their issue date. b) Is the bond issued at a discount, premium, or at par? c) Prepare the journal | Date Account | Debit Credit
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