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 terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium b. a peur, Inc. issued $189,000 of 10-year, 8 percent bonds at 101 Apple, Inc. issued $51.000 of five-year, 12 percent bonds at 97. Cherry Co. issued $175,000 of five-year, 6 percent bonds at 102 14. Grape, Inc. issued $31,000 of four-year, 8 percent bonds at 98. c. d
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