Akers company sold bonds on july 1 2008 with a face value, Ask an Expert

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Akers company sold bonds on july 1, 2008 with a face value of 100,000. these bonds are due in 10 years. stated annual interest rate is 6 % per year, payable semiannually on June 30 and december 31. these bonds were sold to yield 8%. How much did these bonds sell for on July 1, 2008?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M987849

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