On 1/1/A, LVM Co. issues $200k in 10 year, 10% bonds to yield 12%. Provide...
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Accounting
On 1/1/A, LVM Co. issues $200k in 10 year, 10% bonds to yield 12%. Provide LVM's net book value for the bonds on 12/31/G, after the 7th coupon payment, assuming the market rate of interest on that date is 14% (note: you do not need to prepare an amortization table). [ans. 190392.67]
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