Solved: On december 31 2018 gallager corporation issued 200000 8, Accounting Basics

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On december 31 2018 gallager corporation issued 200000 8

Question - On December 31, 2018, Gallager Corporation issued $200,000, 8%, 20-year bonds when the market rate of interests 12%. The bonds pay interest semi-annually each June 30 and December 31.

Identify the following info:

1. Face Value

2. Stated Rate of Interest

3. Annual Stated Interest

4. Semi-Annual Stated Interest

Compute the price of bonds.

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Accounting Basics: On december 31 2018 gallager corporation issued 200000 8

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Accounting Basics: On december 31 2018 gallager corporation issued 200000 8

Reference No:- TGS02362099

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