A company purchased a $5,000, 25-year zero-coupon bond for $820 to yield 8.5% to maturity. How is

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A company purchased a $5,000, 25-year zero-coupon bond for $820 to yield 8.5% to maturity.
How is the interest revenue computed?

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jan 22, 2013 05:22 AM

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A company purchased a $5,000, 25-year zero-coupon bond for $820 to yield 8.5% to maturity. How is

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