The vest company issued 500000 5 year 8 bonds the market, Ask an Expert

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The Vest company issued $500,000, 5 year, 8% bonds. The market rate at the time of the sale was greater than 8% so the bonds were sold at 93. Interest on these bonds is payable on June 30th , and December 31st . What is the selling price of the bonds?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9944412

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