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Question 7 The following information about two independent bond issues was reported in the financial press: Province of Manitoba 2.60% bonds, maturing January 1, 2020,
Question 7 The following information about two independent bond issues was reported in the financial press: Province of Manitoba 2.60% bonds, maturing January 1, 2020, were trading at a price of 90.30 to yield a market interest rate of 2.82%. 2 Loblaw Companies Limited 8.16% bonds, maturing November 23, 2033, were trading at a price of 129.00 to yield a market interest rate of 5.00%. Were the Province of Manitoba bonds issued at a premium or a discount? The Province of Manitoba bonds are trading at a eTextbook and Media List of Accounts Were the Loblaw bonds issued at a premium or a discount? The Loblaw companies Limited bonds are trading at a eTextbook and Media List of Accounts Record the issue of $ 100,000 of each of these two bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) ccent THles and Esplanation sbit Credit To record issue of bond 1) recordhsue of bond 2)
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