[Solved] Pharaoh Inc, issues $ 3 , 0 0 0 , 0 0 0 ,

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Pharaoh Inc, issues $ 3 , 0 0 0 , 0 0 0 , 5 year, 1 4 % bonds at 1 0 4 ,

Pharaoh Inc, issues $

3, 000, 000, 5

year,

14 %

bonds at

104,

with interest payable annually on january

1 .

The straight

-

line method is used to amortize bond premium.

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