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On August 1, 2020, Billboard Inc. issued $520,000 of 10%, seven-year bonds. Interest...

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Accounting

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On August 1, 2020, Billboard Inc. issued $520,000 of 10%, seven-year bonds. Interest is to be paid semiannually. Calculate the issue price of the bonds if the market interest rate was: a. 12% b. 10% C. 14%

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