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On January 1, 2024, Sunland issued $4,400,000, 6% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January
On January 1, 2024, Sunland issued $4,400,000, 6% 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%. Click here to view factor table. D (a) Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g. 2.55555 and final answer to O decimal places, e.g. 25,000.) Issue price of bond $
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
