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On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $720,000. The bonds sold for $658,231 and mature on
On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $720,000. The bonds sold for $658,231 and mature on January 31, 2044 (20 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Strauss-Lombardis fiscal year ends December 31
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The Essentials Of Finance And Accounting For Nonfinancial Managers
Authors: Edward Fields
3rd Edition
0814436943, 9780814436943
