Business, 06.04.2021 05:10 sihamabdalla591
UML Inc. issued 9% bonds on January 1, 2021. The bonds have a maturity date of December 31, 2024 and a face value of $500,000. UML Inc. issued the bonds for $483,842. For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31, beginning June 30, 2021. What is the outstanding balance (book value) of the bonds as of December 31, 2021
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UML Inc. issued 9% bonds on January 1, 2021. The bonds have a maturity date of December 31, 2024 and...
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