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On January 1, 2018, when the market rate of interest was 7%, Habs Company issued four-year bonds with a maturity value of $1,000,000. The bonds
On January 1, 2018, when the market rate of interest was 7%, Habs Company issued four-year bonds with a maturity value of $1,000,000. The bonds have a stated interest rate of 6% and pay interest annually on December 31. Calculate the amount of the bond discount as of the date of issue, rounded to the nearest dollar. Group of answer choices 60,000 34,651 33,872 0 Calculate the amount of the bond discount as of January 1, 2019, immediately after the first coupon is paid, rounded to the nearest dollar. Group of answer choices 26,730 18,334 0 26,243
On January 1, 2018, when the market rate of interest was 7%, Habs Company issued four-year bonds with a maturity value of $1,000,000. The bonds have a stated interest rate of 6% and pay interest annually on December 31.
Calculate the amount of the bond discount as of the date of issue, rounded to the nearest dollar.
Group of answer choices
60,000
34,651
33,872
0
Calculate the amount of the bond discount as of January 1, 2019, immediately after the first coupon is paid, rounded to the nearest dollar.
Group of answer choices
26,730
18,334
0
26,243
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