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Business, 16.03.2020 17:04 djcloverman1905

Godart Co. issued $4.5mn notes payable as a scrip dividend that matured in five years. At maturity, each shareholder of Godart's 3mn shares will receive payment of the note principal, plus interest. The annual interest rate was 10%. What amount should be paid to the stockholders at the end of the fifth year

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Godart Co. issued $4.5mn notes payable as a scrip dividend that matured in five years. At maturity,...
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