Question: Connect theducation.com CH 10, 11, 12 & 13) i Seved Help Save & Eat Sut Enviro Company issued 10-year, 7% bonds with a par value
Connect theducation.com CH 10, 11, 12 & 13) i Seved Help Save & Eat Sut Enviro Company issued 10-year, 7% bonds with a par value of $220,000. Interest is paid semiannually. The market rate on the issue date was 6% Enviro received $236,371 In cash proceeds. Which of the following statements is true? Multiple Choice Enviro must pay $236,371 at maturity and no interest payments. Enviro must pay $220,000 at maturity plus 20 interest payments of $6,600 each. Enviro must pay $236.371 et maturity plus 20 interest payments of $7.700 each Enviro must pay $220.000 at maturity and no interest payments Enviro must pay $220.000 at maturity plus 20 Interest payments of $2,700 each
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