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Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount.
Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a b. Pear, Inc. issued $193,000 of 10-year, 8 percent bonds at 103. Apple, Inc. issued 573,000 of five-year, 12 percent bonds at 98. Cherry Co. issued $122,000 of five-year, 6 percent bonds at 103 1/4. Grape, Inc. issued $58,000 of four-year, 8 percent bonds at 99.00. C. d
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