Saltz Manufacturing issued on January 1, 2005, $520,000 of 5%, 8 year bonds to raise...
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Accounting
Saltz Manufacturing issued on January 1, 2005, $520,000 of 5%, 8 year bonds to raise funds to buy some special equipment. The bonds were sold to yield 6% return compounded semi-annually. The company uses the straight line method to amortize discounts and premiums. What is the annual market rate?
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