Question: On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. The bonds were priced at $140.25
On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. The bonds were priced at $140.25 million (plus accrued interest) to yield 12%. The price if issued on January 1 would have been $137.50 million. Interest is paid semiannually on June 30 and December 31. Baddours fiscal year ends September 30
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