Lets say Grantham Capital, LLC has issued 100 bonds with the following characteristic: Par Value of Bond

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Let’s say Grantham Capital, LLC has issued 100 bonds with the following characteristic:

Par Value of Bond Issued (amount of the loan) $2,500

Annual Interest Rate (interest rate of the loan) 5%

Term (the amount of time before the loan will be paid back) 5 years.

Date of Bond (date the loan was made) January 1, 2015.

Please complete the journal entry for the date the bond was issued and then a second journal entry for it’s first annual interest payment.

Related Book For answer-question

Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: Jan 14, 2021 08:36 PM

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Lets say Grantham Capital, LLC has issued 100 bonds with the following characteristic: Par Value of Bond

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Bond retire at maturity will pay par value of the bond ... View the full answer

Bond Markets Analysis and Strategies

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