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On July 1, E-Way cafe issues $1,000 2 year bonds with a coupon of 3%. At the time of sale the effective Interest is
On July 1, E-Way cafe issues $1,000 2 year bonds with a coupon of 3%. At the time of sale the effective Interest is 4%. Interest is to be paid semi arinually What type of bond is it? What is the present value ($) of the bond? Principal Coupon Real Interest rate Term Interest Payment Interest amount s Present Value interest B Present Value Principal *Total Present Value of Bond (A)
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
