Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company issued a 10%, 5-year, $10,000 bond to an

A company issued a 10%, 5-year, $10,000 bond to an investor for a cash price...

60.1K

Verified Solution

Question

Accounting

image
A company issued a 10%, 5-year, $10,000 bond to an investor for a cash price of $9,506. The best explanation/reason why the company did not receive exactly $10,000 cash is: the company paid a broker a commission on the issuance. the interest rate changed since the bonds were first offered, and the investor demanded a higher interest rate for her investment in the bond the interest rate changed since the bonds were first offered, and the investor accepted a lower interest rate for her investment in the bond none of the above are legitimate reasons

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which sentence demonstrates proper subject/verb agreement?[Remember, "each" is a singular pronoun.]A. Each student is going...

Biology
Q

1 Use the figure at the right to name the point that is located at...

Geometry
Q

y''-3y+2y=e^3t y(0)=1 y'(0)=0 laplace transformation

Advance Math
Q

The number of hits to a website follows a Poisson process. Hits occur at the rate...

Basic Math
Q

2 Solve for x on the interval 0 0 2 a cos 20 b sin...

Algebra
Q

Copy Center pays an average wage of $12 per hour to employees for printing and...

Accounting
Q

Instructions Chart of Accounts Journal Instructions Rocky Mountain Tours Co. is a travel agency....

Accounting
Q

Suppose company ABC manufactures cups. However, to sell their cups, ABC needs to incur sales...

Accounting
Q

On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face...

Accounting
Q

At the beginning of the year, the net assets of Shannon Co. were $412,600. The...

Accounting
Q

Which of the following best describes the term used to assign indirect costs to a...

Accounting
Q

Compute Yeti Financial Advisors's net income for the year ended December 31, 2020, using the...

Accounting