The gorman group issued 900000 of 13 bonds on june 30 2011, Ask an Expert

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The Gorman Group issued $900,000 of 13% bonds on June 30, 2011, for $967,707. The bonds were dated on June 30 and mature on June 30, 2031 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30.

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