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On April 1, 2018, Nantucket Golf Clubs Nantucket Golf Clubs issued $500,000 of 10-year, 9...

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Accounting

On April 1, 2018, Nantucket Golf Clubs Nantucket Golf Clubs issued $500,000 of 10-year, 9

percent bonds payable. The bonds were sold for $ 490,000. The bonds pay interest each September

30 and March 31, and any discount or premium is amortized using straight-line amortization.

a. Nantucket Golf Clubs' bonds are priced at (express the price as a percentage)

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