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On July 1, 2018 a semi-annual $600,000 bond with coupon rate of 10% had a Net book value of $500,000, On Dec 31 2019, the
On July 1, 2018 a semi-annual $600,000 bond with coupon rate of 10% had a Net book value of $500,000, On Dec 31 2019, the bond was repurchased for $500,000. The Gain on the repurchase was $7,500. The discount rate on the bond was: e 15% 12.5% 6.25% 7.5% 14%
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Fundamental Financial Accounting Concepts
Authors: Thomas P. Edmonds
11th Edition
1260786587, 9781260786583
