Business
Business, 09.12.2021 04:10, hamzzaqasim44

Stanford issues bonds dated January 1, 2021, with a par value of $500,000. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $463,140. 1. What is the amount of the discount on these bonds at issuance

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Stanford issues bonds dated January 1, 2021, with a par value of $500,000. The bonds' annual contrac...

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