Coronado Company issues $26000000, 5%, 5-year bonds dated
January 1, 2017 on January 1, 2017. The...
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Accounting
Coronado Company issues $26000000, 5%, 5-year bonds datedJanuary 1, 2017 on January 1, 2017. The bonds pay interestsemiannually on June 30 and December 31. The bonds are issued toyield 4%. What are the proceeds from the bond issue?
Answers given:
$27156209
$26000000
$27167784
$27160279
Answer & Explanation
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3.8 Ratings (408 Votes)
Correct answer2716778 Working The calculation i made are little diffrent due to round off but the answer stated above is correct Bonds issue price is calculated by ADDING the
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