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On January 1,2022 , Swifty Corporation issued $2,100,000 face value, 8%,10-year bonds at $1,965,229. This price resulted in an effective-interest rate of 9% on the

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On January 1,2022 , Swifty Corporation issued $2,100,000 face value, 8%,10-year bonds at $1,965,229. This price resulted in an effective-interest rate of 9% on the bonds. The bonds pay annual interest, each January 1 . Swifty has a calendar year end. eTextbook and Media

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