Business Finance
a computing bond price and recorded issuance

Question Description

I’m working on a Accounting question and need guidance to help me study.

Stewart Research issues bonds dated Jan 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds have a $12,000 par value and an annual contract rate of 10% and they mature in 10 years. The market rate at the date of issue is 8%

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