On September 1, 2024, Crane Corporation issued ( $ 555,000 ) of 10-year, ( 3 % )

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On September 1, 2024, Crane Corporation issued $ \$ 555,000 $ of 10-year, $ 3 \% $ bonds at 96 . Interest is payable semi-annually on September 1 and March 1. Crane's fiscal year end is February 28. (a) Your answer is correct. Is the market rate of interest higher or lower than $ 3 \% $ ? Market interest rate is than $ 3 \% $ eTextbook and Media List of Accounts Attempts: 1 of 2 usedRecord the issue of the bonds on September 1, 2024

Posted Date: Jun 25, 2024 05:00 PM

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On September 1, 2024, Crane Corporation issued ( $ 555,000 ) of 10-year, ( 3 % )

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