Four $10000 bonds bearing interest at 6% payable quarterly and redeemable at par on September...
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Accounting
Four $10000 bonds bearing interest at 6% payable quarterly and redeemable at par on September 1, 2024, were purchased on January 23, 2012, to yield 5% compounded quarterly. Determine (a) the premium or discount; (b) the market price; (c) the cash price.
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