help. 25 Auerbach Incorporated issued 8% bonds on October 1,2024 . The bonds have...
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help. 25
Auerbach Incorporated issued 8% bonds on October 1,2024 . The bonds have a maturity date of September 30 , 2034 and a face value of $500 million. The bonds pay interest each March 31 and September 30 , beginning March 31, 2025. The effective interest rate established by the market was 10%. Assuming that Auerbach issued the bonds for $437,689,200, what would the company report for its net bond liability balance on December 31,2024 . Note: Round your answer to the nearest thousand. Do not round intermediate calculations. Multiple Choice $499,000,000 $427,689,000 $438,631,000 $447,689,000Get Answers to Unlimited Questions
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