Market rate of interest
Question # 00766681
Posted By:
Updated on: 06/24/2020 07:17 AM Due on: 06/29/2020
On January 1 of 2015, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semi-annually. The market rate of interest is 8% and the bond selling price was $1,864,097. The bond issuance should be recorded as
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Rating:
/5
