Question

Jarl Company issued 8%, 8-year, $1,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2014, and are issued on that date. The discount rate of interest for such bonds on April 1, 2014, is 10%. What cash proceeds did Jarl receive from issuance of the bonds?



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  • CreatedJanuary 30, 2014
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