Question: On July 1 , 2 0 2 2 , Premium Pizza issued $ 1 0 , 0 0 0 , 0 0 0 , 1

On July 1,2022, Premium Pizza issued $10,000,000,12%,20 year bonds, with interest payable semi annually. Market interest rate on the date of issue was 10%. Issue price was $11,715,909.

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