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On January 1.2017, EE Corp. issues 5-year bonds with a total face value of $4.000,000 and a stated/contract interest rate of 3.5% with interest paid
On January 1.2017, EE Corp. issues 5-year bonds with a total face value of $4.000,000 and a stated/contract interest rate of 3.5% with interest paid annually each 12/31The bonds are issued to provide an effective (market) interest rate of 4%. (Round all amounts to the nearest dollar)
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
