Question
On January 1, 2013 Candy Shop Corp issues a $1,250,000, 6 year, 4% Bond with interest payable semiannually on June 30 and December 31 of
On January 1, 2013 Candy Shop Corp issues a $1,250,000, 6 year, 4% Bond with interest payable semiannually on June 30 and December 31 of each year. The market interest rate on the date of issuance is 8%. Candy Shop Corp uss the effective interest method to amortize bonds.
1. Calculate the issuance price of the bond using the appropriate present value.
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Anti Audit Warfare
Authors: Business Management Daily
7th Edition
1540747182, 978-1540747181
