Solved: On january 1 2016 colt co issued ten-year bonds with a face, Accounting Basics

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On january 1 2016 colt co issued ten-year bonds with a face

Question - On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Calculate the approximate total issue price of the bonds?

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Accounting Basics: On january 1 2016 colt co issued ten-year bonds with a face

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