On January 1, 2014, Fishbone Corporation purchased330of the $1,000face value,9%,10-year bonds of Walters Inc. The bonds mature
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On January 1, 2014, Fishbone Corporation purchased330of the $1,000face value,9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2024, and pay interest annually beginning January 1, 2015. Fishbone purchased the bonds to yield10%. How much did Fishbone pay for the bonds?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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