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On January 1, 2018, Wawatosa Inc. issued 7-year bonds with a face value of $200,000 and a stated interest rate of 12% payable semi-annually on
On January 1, 2018, Wawatosa Inc. issued 7-year bonds with a face value of $200,000 and a stated interest rate of 12% payable semi-annually on July 1 and January 1. The bonds were sold to yield 10%. A. Assuming the bonds were sold at 106.732, what is the selling price of the bonds? $ B. Were they issued at a discount or a premium? Premium
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