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Nichols Corp. issued $100,000 of 5-year bonds with a stated rate of 4%. Interest is paid semiannually, and the market rate of interest is 6%.
Nichols Corp. issued $100,000 of 5-year bonds with a stated rate of 4%. Interest is paid semiannually, and the market rate of interest is 6%. What are the proceeds of the bond sale?
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
