On January 1, Summer Inc issued a ten year bonds with a face amount of $ 1,000,000
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Question:
On January 1, Summer Inc issued a ten year bonds with a face amount of $ 1,000,000 and a state interest rate of 8% payable annually each January 1. The bonds were priced to yield at 10%. The total issue price (rounded) of the bonds should be what amount?
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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