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On June 30, 2009. Hardy Corporation issued 10 million of its B% bonds. The bonds were priced to yield 10% (market rate). The bands are
On June 30, 2009. Hardy Corporation issued 10 million of its B% bonds. The bonds were priced to yield 10% (market rate). The bands are dated June 30, 2009 and mature on June 30, 2016. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the 6 months med December 31, 2009 550.507 563.032 36.000 500.000
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