Essay
Bandaks Enterprises authorized the issuance of $6,000,000 of 10-year,8% bonds dated March 1,2010,with semiannual interest payment dates of September 1 and March 1.Determine the cash proceeds from the sale of the bonds on March 1,2010 if the bonds are sold to yield 10%.
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$6,000,000 x 8% x 1/2 = $240,000 interes...View Answer
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