On December 31, year 0, your company issued a zero-coupon bond with a face value...
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Accounting
On December 31, year 0, your company issued a zero-coupon bond with a face value of $1,000. The bond matures after 8 years, on December 31, year 8.At issuance, investors discounted the bond's promised cash flows at an annual rate of 8.5%. Based on this information, what would the net book value of the bond be on December 31, year 1?
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