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Business, 29.01.2020 04:51 gary4570

Karen austin inc. has issued three types of debt on january 1, 2020, the start of the company’s fiscal year.(a) $10 million, 10-year, 15% unsecured bonds, interest payable quarterly. bonds were priced to yield 12%.(b) $25 million par of 10-year, zero-coupon bonds at a price to yield 12% per year.(c) $20 million, 10-year, 10% mortgage bonds, interest payable annually to yield 12%.

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Karen austin inc. has issued three types of debt on january 1, 2020, the start of the company’s fisc...
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