On jan 2 200000 10 yr bond issued for 177059 the bond pays, Ask an Expert

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On Jan 2, $200,000, 10 yr bond issued for $177,059. The bond pays interest on June 30 and Dec 31. Face rate is 10 % and maeket rate 12%. What's the carrying value after the first interest payment is made on June 30? Also, if the bonds are retired on July 4, at a call price of 105, what's the gain or loss on the redemption?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91027160

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