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Please, show your process (Preferably in Excel) A company issued bonds with a par value of $250,000 and a maturity of 25 years. The Bonds
Please, show your process (Preferably in Excel) A company issued bonds with a par value of $250,000 and a maturity of 25 years. The Bonds do not pay periodic interest. If on the date of issuance of the bonds the market rate (yield) is 7%: a. What will be the selling price of the bonds? b. Make the journal entry to recognize interest expense in the third six-month period of the bonds.
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