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Business, 29.04.2021 03:30 haloom9698

Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $79,849. 1. What is the amount of the discount on these bonds at issuance

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Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract...
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