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On March 1, 2019, the company issued a zero-coupon bond with a face value of...

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Accounting

On March 1, 2019, the company issued a zero-coupon bond with a face value of $250,000 that matures on March 1, 2021. The market rate of interest for this bond is 8%.

a.Compute the bond price.

b. Prepare all required journal entries for 2019 and 2020

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