If a company is authorized to issue $1,800,000 in bonds on June 1 that carry a face

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If a company is authorized to issue $1,800,000 in bonds on June 1 that carry a face value interest rate of 9 percent to be paid on June 1 and December 1. How can i figure out what the bonds are if issued on September 1 at 100 and if bonds are issued on June 1 at 105?



Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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