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rows $500,000 to fund the project. 2. If Montclair borrows the funds, does its financing structure become more or less risky? Ex Bringham Company issues
rows $500,000 to fund the project. 2. If Montclair borrows the funds, does its financing structure become more or less risky? Ex Bringham Company issues bonds with a par value of $800,000. The bonds mature in 10 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance
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