Question
Sunland, Inc. had outstanding $6,340,000of11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,570,000of10%, 15-year bonds
Sunland, Inc. had outstanding $6,340,000of11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,570,000of10%, 15-year bonds (interest payable July 1 and January 1) at98. A portion of the proceeds was used to call the11% bonds (with unamortized discount of $190,200) at103on August 1.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
