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On January 1, 2015, Brightstar Inc. issued $1,000,000 of 8%, semiannual 3-year coupon bonds. 1) The market interest rate on January 1, 2015 was 10%.
On January 1, 2015, Brightstar Inc. issued $1,000,000 of 8%, semiannual 3-year coupon bonds.
1) The market interest rate on January 1, 2015 was 10%. Was the bond issued at par, a premium, or a discount?
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
