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On January 1, Thunderball Corporation issues 10%, 5 year bonds with a face value of $275,000 when the effective interest rate is 9%. Interest is to be paid semiannually. 

Prepare calculations to prove that the selling price of the bonds is $285,880.07. 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91536716
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