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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
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.) Pear, Inc. issued $202,000 of 10-year, 8 percent bonds at 102. b. Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 97. c Cherry Co. issued $199,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $31,000 of four-year, 8 percent bonds at 97.00. Cash Proceeds Discount or Premium Check my work
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