The City of Pelican Point issued $875,000 of refunding bonds at a 1% premium. bond issuance costs

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The City of Pelican Point issued $875,000 of refunding bonds at a 1% premium. bond issuance costs were $13000; $869000 is to be used to retire the existing bonds. other financing uses will be debited for

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Managerial Economics and Business Strategy

ISBN: 978-0073523224

8th edition

Authors: Michael Baye, Jeff Prince

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Posted Date: Nov 09, 2020 07:15 PM

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The City of Pelican Point issued $875,000 of refunding bonds at a 1% premium. bond issuance costs

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ANSWER The amount of the refunding premium is 875000 x 1 8750 The amount of the refu... View the full answer

Managerial Economics and Business Strategy

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