On December 31, 2009, Garner Hot Rods issued $2,000,000 of 6 percent, 10-year bonds. Interest is…

 
   

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On December 31, 2009, Garner Hot Rods issued $2,000,000 of 6 percent, 10-year bonds. Interest is payable semiannually on June 30 and December 31.Required:What is the issue price if the bonds are sold to yield 8 percent?View Solution:
On December 31 2009 Garner Hot Rods issued 2 000 000 of