Kaizen Corporation issued a S500.000 bond that matures in 10 years. The bond has a stated interest

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Kaizen Corporation issued a S500.000 bond that matures in 10 years. The bond has a stated interest rate of 10 percent. When the bond was issued, the market rate was 10 percent. The bond pa\ s interest twice per year. At what price was the bond issued?

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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