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Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current...

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Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Banek Inc. issued $350,000 of 8%, nine-year bonds for $309,086, which implies a market (yield) rate of 10%. Semiannual interestis payable on June 30 and December 31 of each year. a. Show Excel inputs to confirm the bond issue price Note: Round your answer to two decimal places. rate mer pm FV- Answers 18 (14.000 350.000 x (209.066)

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