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  3. on january 1, 2016, colt co. issued ten-year bonds

On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000...

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Accounting

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On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 6%. The approximate total issue price of the bonds was: Select one: O a. $1,122,888 o b. $1,051,997 o C. $1,134,198 O d. $865,798 o e. $1,147,197

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