On January 1st, 2016, Whale Boats Co. issued a 7 year $890,000 bond with a 4% coupon

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On January 1st, 2016, Whale Boats Co. issued a 7 year $890,000 bond with a 4% coupon rate paid semiannually on June 30th and December 31st for $880,000. Whale Boats Co. records interest semiannually. What is the face value of the bond?

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Financial Accounting Theory and Analysis Text and Cases

ISBN: 978-1119386209

12th edition

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey

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Posted Date: Mar 02, 2022 05:23 AM

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On January 1st, 2016, Whale Boats Co. issued a 7 year $890,000 bond with a 4% coupon

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Correct Answer 890000 Explanation Face Val... View the full answer

Financial Accounting Theory and Analysis Text and Cases

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