Question
The City of Pelican Point issued $875,000 of refunding bonds at a 1% premium. bond issuance costs were $13000; $869000 is to be used to
The City of Pelican Point issued $875,000 of refunding bonds at a 1% premium. bond issuance costs were $13000; $869000 is to be used to retire the existing bonds. other financing uses will be debited for
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ANSWER The amount of the refunding premium is 875000 x 1 8750 The amount of the refu...Get Instant Access to Expert-Tailored Solutions
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