Business, 02.09.2019 23:10 fendyli1529

On january 1, 2018, debtor corporation issued $2,000,000 of 20-year, 8% bonds at 96, when the market rate of interest was 8.5%. the bonds pay interest annually on december 31. the company uses the effective interest method of amortization. how much cash will bondholders receive on december 31, 2018, the first interest payment date?

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On january 1, 2018, debtor corporation issued $2,000,000 of 20-year, 8% bonds at 96, when the market...

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