Question: Quatro Co. issues bonds dated January 1, 2013, with a par value of $900,000. The bonds annual contract rate is 10%, and interest is paid
| Quatro Co. issues bonds dated January 1, 2013, with a par value of $900,000. The bonds annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $947,165
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