Question: On December 1 experiment Inc. issued 4 5 0 , 0 0 0 of 9 % three - year bonds for cash of 4 6

On December

1

experiment Inc. issued

450, 000

9 %

three

-

year bonds for cash of

461795

the bonds pay interest am I annually the total cost of borrowing equals When the contract rate is less than the market rate of bond sells at a premium

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