Question: Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount

 Required Compute the cash proceeds from bond issues under the following

Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount Cash Proceeds Discount Premium a Pear Inc issued $400,000 of 10 year, 8 percent bonds at 103 Apple, Inc issued $200,000 of five-year 12 percent bonds at 97 12 Cherry Co issued $100.000 of five-year 6 percent bonds at 102 14 d Grape, Inc issued $120,000 of four-year 8 percent bonds at 96

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