Determine the total issue price of the bonds


On January 1, 2012 Haley Co. issued ten year bonds with a face amount of $3,000,000 and a stated interest rate of 8% payable anually on January 1. The bonds were priced to yield 10%. determine the total issue price of the bonds were ?

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Accounting Basics: Determine the total issue price of the bonds
Reference No:- TGS049624

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