Business, 21.04.2020 22:36, dncs9157

Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate is 8%, 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 10%, and the bonds are sold for $170,862. 1. What is the amount of the discount on these bonds at issuance

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Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate i...