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Premium and Discount of a Bond or Debenture Evans & Sons, Inc. reported the following borrowings in a prior annual report: Effective Interest Borrrowing (5
Premium and Discount of a Bond or Debenture Evans & Sons, Inc. reported the following borrowings in a prior annual report: Effective Interest Borrrowing (5 in millions) Amount Rate(%) a. 4.00 percent, zero-coupon bond, due 2020 $202 4.00 b. 4.80 percent debentures, due 2033 500 5.00 C. 3.80 percent debentures, due 2017 500 3.95 d. 6.95 percent bonds, due 2025 6.85 For each borrowing, indicate whether the bond or debenture was originally sold at its face value, a discount, or a premium. 293 Premium and Discount of a Bond or De Evans & Sons, Inc. reported the following Borrrowing ($ in millions) a. 4.00 percent, zero-coupon bond, due 2020 b. 4.80 percent debentures, due 2033 C. 3.80 percent debentures, due 2017 d. 6.95 percent bonds, due 2025 For each borrowing, indicate whether the a. b Discount Face value Premium olo
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