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On January 1, 2024, Blossom issued $6,300,000, 10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January
On January 1, 2024, Blossom issued $6,300,000, 10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1, 2034. The bonds are sold to yield 12%. (a) Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g. 2.55555 and final answer to 0 decimal places, e.g. 25,000.) Issue price of bond. $
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
