The bradford company issued 10% bonds, dated january 1, with a face amount of $80 million on january 1, 2018 to saxton-bose corporation. the bonds mature on december 31, 2027 (10 years). for bonds of similar risk and maturity, the market yield is 12%. interest is paid semiannually on june 30 and december 31. determine the price of the bonds at janary 1 2018.
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The bradford company issued 10% bonds, dated january 1, with a face amount of $80 million on january...
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