Question: p can your please answer a,b,c and d quickly and correctly? make sure please don't screenshot the answers Downing Company issues $5,000,000, 10%, 5-year bonds
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can your please answer a,b,c and d quickly and correctly? make sure please don't screenshot the answers
Downing Company issues $5,000,000, 10%, 5-year bonds on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 8%. a) Looking at the rates involved, will this bond sell at a discount or premium? b) Calculate the issue price of the bonds in dollars c) Calculate the issue price of the bonds as a percent d) Make the journal entry to record the sale of the bond
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