On march 1 2008 matt purchased 189000 of lawson cos 8, Accounting Basics

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On march 1 2008 matt purchased 189000 of lawson cos 8

On March 1, 2008, Matt purchased $189,000 of Lawson Co.'s 8%, 20-year bonds at face value. Lawson Co. has paid the annual interest due on the bonds regularly. On March 1, 2013, market interest rates had risen to 12%, and Matt is considering selling the bonds.

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Accounting Basics: On march 1 2008 matt purchased 189000 of lawson cos 8

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Accounting Basics: On march 1 2008 matt purchased 189000 of lawson cos 8

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