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XYZ Corporation needed financing to build a new manufacturing plant. On June 30, 2019, XYZ issued $349,000 of 6- year bonds with a 5% coupon
XYZ Corporation needed financing to build a new manufacturing plant. On June 30, 2019, XYZ issued $349,000 of 6- year bonds with a 5% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 7%. The remaining balance of discount/premium as of December 31, 2019 would be $8,725 $11,035 $31,415 $33,725
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-0078025792
