Headland inc issues 2012900 of 9 bonds due in 14 years


Question - Headland Inc. issues $2,012,900 of 9% bonds due in 14 years interest payable at year end. The current market rate of interest for bonds of similar risk is 10%.

What amount will Headland receive when it issues the bonds?

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Accounting Basics: Headland inc issues 2012900 of 9 bonds due in 14 years
Reference No:- TGS02499544

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