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  3. a company issued $250,000, 8%, 5-year bonds on jan

A company issued $250,000, 8%, 5-year bonds on January 1, 2018. The market rate of...

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Accounting

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A company issued $250,000, 8%, 5-year bonds on January 1, 2018. The market rate of interest was 5%. Interest on these bonds is payable annually on December 31. (a) Was this bond issued at a premium or a discount? Premium (b) Determine the selling price of the bond. $ 282,472

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